10-Year Treasuries Exceed 5% For First Time Since 2007, Then Crater On Ackman Short Cover
A milestone of sorts was achieved in the U.S. Treasury market on Monday, as the yield on the 10-year Treasury Note exceeded 5% for the first time in 16 years. This rate, widely recognized on Wall Street as a pivotal gauge of the note’s market’s stability, poked above a key psychological level with traders.