Price concerns drive US 5-yr yield to highest since 2007

The five-year Treasury yield rose as much as 5.5 basis points to 4.5044%, exceeding its 2022 high and climbing to the highest since August 2007. Other Treasury tenors approached their 2023 highs, with the 10-year coming within a basis point of its Aug. 22 peak of 4.36%.

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