Market volatility rises as 10-year Treasury yield hits 5% ahead of Fed decision

The U.S. 10-year Treasury yield reached 5% for the first time since October 2023, while Brent crude prices climbed toward $110 per barrel. These inflationary pressures triggered a sell-off in U.S. sovereign debt and a decline in the Nasdaq. Investors are now awaiting the Federal Reserve's interest rate decision scheduled for Wednesday.