🇺🇸BREAKING: The US 10-year Treasury yield hits 5.2%, its highest since 2007. It surged 26 basis points in just two days, while the 30-year climbed to 5.5%, a level last seen in June 2004, per FT. Oil back above $106 and the fastest US business growth in five years have traders betting the Fed will raise rates faster. The surge is already hitting home loans, with 30-year mortgage rates averaging 7.03%, the highest since January 2025, per Freddie Mac.