10-year Treasury yield hits 19-year high at 5.14%

The 10-year U.S. Treasury yield touched 5.14% Wednesday, a 19-year high, before easing to 5.119%, Tradeweb data via Wall Street Journal show. Yield is the government's borrowing cost, which feeds into mortgages and savings rates. I remain skeptical one high print locks in higher borrowing for long.