⚠️ 10-YEAR TREASURY YIELD IS SURGING
The 10-year Treasury yield has jumped another 3 basis points to 5.13%, reaching its highest level since 2007. (U.S. Department of the Treasury)
That follows a massive 16-basis-point jump on Wednesday, one of the largest single-day moves in recent years.
If this momentum continues, the 10-year yield could soon approach levels not seen since the early 2000s.
So, what exactly is driving this move?