The U.S. 10-year Treasury yield rose above 5% for the first time since 2023.

The U.S. 10-year Treasury yield rose above 5%, the first time since October 2023. Surging oil prices intensified inflation concerns, and the U.S. benchmark Treasury yield briefly climbed 4 basis points to 5.006%. In 2023, the 10-year Treasury yield remained above 5% for only one day. Investors expect the 10-year U.S. Treasury yield to soon break through 5%, with markets and the economy facing new risks.