U.S. 10-Year Treasury Yield Surges Past 5% for First Time in Three Years

The U.S. 10-year Treasury yield briefly surpassed 5%, according to Blockbeat, which reported that the yield rose above 5% during trading on Monday and marked the first time in approximately three years. Investing.com noted that the yield jumped from 4.942% to 5.005% following the Labor Department report, a rise of 6.3 basis points, before falling back below 5%. The same report indicated the U.S. two-year Treasury yield stood at 4.61%, while the 30-year yield was at 5.338%. August's Consumer Price Index (CPI) rose 3.4% year-on-year, and core CPI increased 0.3% month-on-month.