10-year US Treasury yield breaks 5%! "Prophet" warns: Sell-off not over yet.
U.S. Treasuries faced another round of sharp sell-offs, with the 10-year yield breaking through the 5% mark on Monday, reaching a new high since 2023. Inflation concerns and supply pressures combined to put pressure on global bond markets.
The 10-year yield hit a high of 5.01% on Monday,