U.S. 10-Year Treasury Yield Surges to Highest Since 2007 – What It Means for You
The 10-year Treasury yield fell to about 4.03% by October 13, down from a peak near 4.78% earlier in the month. The decline follows softer economic data and rising expectations of Federal Reserve rate cuts. Mortgage rates remain elevated, with 30-year loans at 6.3–6.4% in early October. The current yield is near levels last seen in 2007.