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10-year Treasury yield briefly tops 5%, hitting its highest level since 2007 as bond-market selloff deepens

10-year Treasury yield briefly tops 5%, hitting its highest level since 2007 as bond-market selloff deepens — photograph supplied by MarketWatch

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The benchmark 10-year Treasury yield briefly touched the crucial 5% threshold on Monday, with oil prices marching higher, jitters about artificial intelligence growing and investors looking elsewhere for safety.

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