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The yield on benchmark 10-Treasuries has risen above 5 per cent for the first time since 2007, as investors bet that the US Federal Reserve will keep interest rates at current high levels for longer.
The 10-year yield rose 0.078 percentage points to 5 per cent on Monday, reflecting falling prices, as strong US jobs numbers, retail sales figures and higher than expected inflation in September have helped push yields higher.
The move comes ahead of the Chicago Fed’s national activity index, which will be published later on Monday.
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