Business
What Surging Bond Yields Mean for Consumers and Markets
Renewed hostilities in the Middle East are driving a prolonged selloff in U.S. government bonds, sending yields to new 18-month highs and lifting borrowing costs for businesses and consumers.
The yield on the benchmark 10-year U.S. Treasury note—which helps set rates on mortgages and student loans alike—reached 4.711% in early trading Thursday, according to Tradeweb, its highest intraday level since January 2025.
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