U.S. 10-year Treasury yield holds at 4.97%, near 5%

The U.S. 10-year Treasury yield stood at 4.970% on Sept. 14, edging lower but staying near multiyear highs, per WSJ. Yield is the annual return buyers demand to hold government debt. Near 5%, that keeps upward pressure on mortgages, business loans and credit cards. I see the risk as persistence, not a one-day move.