10-year Treasury yield hits 5% as oil prices jump and Fed meeting looms

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Market Extra
10-year Treasury yield hits 5% as oil prices jump and Fed meeting looms
The key ‘affordability’ rate briefly touched its highest level since 2007 on Monday
The benchmark 10-year Treasury yield briefly found some support from dip buyers Monday, but was back at the crucial 5% threshold for the first time in nearly three years.
The week started with Wall Street on edge, with oil prices marching higher, jitters about artificial intelligence growing and investors looking elsewhere for safety.

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