Yield on benchmark 10-year Treasury hits 5% for first time since 2007, raising debt fears

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The yield on the benchmark 10-year Treasury note hit 5% for the first time in 19 years, adding to pressure on the federal government’s finances.

The yield on the 10-year, which is the benchmark for a variety of interest rates, touched 5% on Monday. That is the highest yield on that security since the summer of 2007, near the start of the financial crisis and the Great Recession.

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