10-year U.S. Treasury yield reaches 5.3493 percent, Susan Li notes

10-year U.S. Treasury yield reaches 5.3493 percent, Susan Li notes
10-year Treasury yield hits 24-year high

Susan Li highlights that the yield on the 10-year U.S. Treasury note increased by 6.59 basis points, most recently reaching 5.343 percent after touching a new 24-year high at 5.3493 percent.

She adds that this benchmark is key because it influences the rates on mortgages and car loans.

Earlier, Susan Li reported that traders now see about a 90% chance of a U.S. Federal Reserve rate hike next week following recent inflation data. She has also covered developments outside the U.S., including the $120 trillion in capital set to be represented at the Toronto Investment Summit. Together, these updates provide context for the latest moves in Treasury yields.

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