U.S. 10-year Treasury yield hits 5.012% as oil jumps

The U.S. 10-year Treasury yield has climbed to 5.012% intraday as surging oil prices revived inflation concerns before the Federal Reserve’s Sept. 16 rate decision. Summary U.S. 10-year Treasury yield reached 5.012% during Monday trading, its highest intraday level since 2007. Treasury’s official par yield finished Monday at 4.97% after the benchmark reversed from its peak. Brent crude approached $110 intraday Monday before settling at $105.68 as supply fears eased slightly. Federal Reserve begins its two-day meeting Tuesday, with Wednesday’s policy statement scheduled for 2 p.m. Nasdaq Composite closed 0.56% lower Monday while Philadelphia’s semiconductor index dropped 5.9% amid AI concerns. The Wall Street Journal, citing Tradeweb data, reported that the benchmark yield reached 5.012% during Monday morning trading, its highest intraday reading since 2007, before falling back below the 5% level. Official closing data showed a less extreme reading. The U.S. Treasury’s daily yield curve data put the 10-year par yield at 4.97% on Sept. 14, compared with 4.96% on Sept. 11 and 4.79% at the start of September. BREAKING: 🇺🇸US 10-year Treasury yield just crossed 5.025%, hitting its highes...