US 10‑Year Treasury Yield Surges to 4.68%, Highest Since 2007
A $42 billion auction pushed the 10‑year Treasury yield to 4.683%, the highest level seen since the 2007 crisis. Investors demanded a steeper risk premium as inflation stays above the Fed’s target and fiscal deficits widen, foreshadowing a 30‑year sale at the steepest financing rate in 25 years.