10-year yield at 4.912% hits 2007 high as stocks slip

4.912% is the number to know. The 10-year Treasury yield hit that on September 10, WSJ data shows, reaching levels last seen in 2007 on September 15. Stocks slipped without panic, Reuters and TheStreet reported. Yield means bond return; higher yields usually mean pricier mortgages and business loans. My take: rates are repricing first, earnings later.