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Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that the yield on the 10-year U.S. Treasury note increased by 0.147 percentage point on Wednesday, reaching 5.113 percent, the highest level since July 2007.
This one-day jump represents the largest such increase since April 9, 2025, when President Donald Trump announced a pause on Liberation Day tariffs.
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Earlier this year, Nick Timiraos reported that investors widely expected the Federal Reserve to raise interest rates for the first time in three years. In another article, he covered Fed governor Chris Waller's shift from a tightening bias to a preference for holding rates steady amid changing economic signals. These developments have contributed to market attention on interest rate policy and Treasury yields.