10-Year Treasury Yield Nears 5% as Fed Rate Hike Probability Climbs to 71%

Ahead of the U.S. CPI release, the 10-year Treasury yield surged to 4.943%, nearing the 5% psychological threshold. Market pricing for Federal Reserve monetary policy has shifted, with the probability of a rate hike at next week's meeting rising to 71%. Market sentiment remains cautious as investors await the upcoming CPI data, which is expected to be a decisive factor for future asset price trends and interest rate expectations.