10-year Treasury yield reaches 5.15%, highest since 2007

The benchmark 10-year Treasury yield climbed to 5.15%, its highest since 2007, Agence France-Presse reported September 24, up from 5.11%, according to AP. Yield is the annual return on bonds. Higher long-term yields typically push up mortgage rates and borrowing costs, while 2-year yields hit their highest since 2024, Reuters reported.