10-Year U.S. Treasury Yield Hits 2007 High

U.S. 10-year Treasury bond yields rose to their highest level since 2007, amid ongoing selling of U.S. debt ahead of the Federal Reserve's interest rate decision. The yield jumped by more than 6 basis points to reach 5.025% at the start of Tuesday’s trading, after briefly surpassing 5% on Monday. This increase indicates a convergence of market concerns over tightening monetary policy ahead of the Fed’s upcoming decision.

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