US 10-Year Treasury Yield Hits 5.04%, Highest Since 2007

The US 10-year Treasury yield reached 5.04% during trading on Thursday (local time), hitting its highest level since 2007. The yield rose by 5 basis points compared to the previous session. Taiwanese media ABMedia reported that with the 10-year Treasury yield surpassing 5%, the Federal Reserve's interest rate decision has become a focal point for the market.