U.S. 10-YEAR YIELD BREAKS 5% The 10-year Treasury yield climbed above 5%, its highest since October 2023, as oil-driven inflation fears fuel expectations of higher-for-longer Fed policy. Heavy debt issuance and concerns over U.S. deficits are adding pressure. Market angle: 5% yields make bonds increasingly competitive with stocks, potentially threatening the equity rally while raising borrowing costs across the economy.(彭博社)