10-year yield holds at 4.98% after first break above 5% since 2023

The U.S. 10-year Treasury yield sat at 4.98% in early Asia trading, Bloomberg reported, after climbing above 5% on September 14 for the first time since October 2023. The yield — the annual return for lending to Washington for a decade — anchors mortgages and business loans. Holding below 5% keeps pressure on, not off.