10-year Treasury yield tops 5% for the first time since 2007 as bond-market selloff deepens

The 10-year Treasury yield reached 5% on Monday, a level not seen since 2007. This increase is attributed to various factors, including rising oil prices and concerns about artificial intelligence, according to MarketWatch.

The yield stood at 5.01 percent, as reported by The Korea Times, its highest level since October 2023. Oil prices have advanced about four percent, with major crude contracts now above $100 a barrel, following drone attacks by Yemen's Houthis and the shutdown of Saudi Arabia's East-West pipeline.

The bond market movement has been influenced by expectations that the Federal Reserve will lift interest rates to counter inflation, as well as the U.S. budget deficit and the artificial intelligence boom, which have flooded the bond market, pushing rates higher, The Korea Times reports. The 30-year U.S. Treasury bond yield is currently at its highest level in nearly 20 years.

Brief written by urgent.news from MarketWatch, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.