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

4.98% is where the U.S. 10-year Treasury yield sat in early Asia trading, Bloomberg reported, after breaking above 5% on September 14 for the first time since October 2023. That yield — the yearly pay for a 10-year loan to Washington — sets the pace for mortgages and business borrowing. Staying just under 5% leaves the pressure on.