US 10-Year Treasury Yield Surpasses 5.1%, Reaching 19-Year High

The US 10-year Treasury yield climbed above 5.08% on September 23, marking its highest level since 2007. Driven by strong economic data, rising oil prices due to Middle East tensions, and expectations of further Federal Reserve rate hikes, this surge is pressuring tech stock valuations and increasing borrowing costs across the economy. Markets are now closely monitoring whether this shift signals a permanent end to the era of low interest rates.