10-year US Treasury yields surges over 5.05% to 19-year high

Synopsis The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal Reserve rate hikes. Rising yields intensified pressure on equities, particularly growth and technology stocks. Listen to this article in summarized format Loading… × The 10-year U.S. Treasury yield climbed as high as 5.058% on Wednesday, surpassing its earlier September peak of 5.026% and reaching its highest level since July 2007, putting renewed pressure on equities. The 2-year Treasury note yield climbed 8 basis points to 4.464%, while the benchmark 10-year yield rose 7 basis…