US Treasury Yields Hit 5% Threshold as Global Debt Markets Face New Normal

The average yield on the $32 trillion US Treasury market has climbed to 5.05%, approaching levels not seen since 2006–2007. Global sovereign debt yields have also neared 4%, the highest since 2007. Despite the sell-off, some investors view the 5% yield as an attractive opportunity compared to the post-financial crisis zero-interest-rate environment.