US stocks fall as 10-year Treasury yield tops 5%
📡 CNBC Top News · 1 min read ·
Part of composite article Oil and Bond Yields Crush Stocks as Dow Drops 600 Points After Fed Rate Hike View full article →
US stocks sold off on Tuesday. The yield on the 10-year Treasury note rose above 5%.
The 10-year Treasury yield is the interest rate the US government pays to borrow money for 10 years. It is a key benchmark. When it rises, borrowing costs across the economy tend to rise too. That can pressure stock prices.