The yield on the 10-year U.S. Treasury bond rose to 5.234%, the highest level since mid-2007

On September 28, according to Gate market data, the yield on the U.S. 10-year Treasury rose to 5.234%, the highest level since mid-2007. The yield on the 30-year Treasury rose to 5.542%, the highest level since 2004.
This indicates that the market's pricing of long-term risks has significantly increased, with heightened concerns about inflation stickiness, the Federal Reserve maintaining high interest rates, and the sustainability of massive fiscal deficits and debt. The long-term borrowing costs for governments, businesses, and consumers are pushed higher, which typically suppresses stock market valuations and tightens global financial conditions, potentially restraining economic growth.