U.S. stock investors are facing a confluence of challenges, with the benchmark 10-year Treasury yield poised to possibly break 5% for the first time in 16 years.
The benchmark rate, used as the benchmark on everything from mortgages to student and auto loans, touched 4.996% before finishing Thursday’s New York session at 4.987%. The 10-year rate BX:TMUBMUSD10Y hasn’t ended above 5% since July 19, 2007.
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