re: 10 yr yield going to 5%

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On what date did the 10-year Note hit 5%?

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I was going to respond with a date in 2007, but apparently it did flash at 5.004% on Oct 23. I didn't remember that.

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LONDON, Oct 23 (Reuters) - The yield on the benchmark 10-year U.S. Treasury note rose above 5.0% on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week.

The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as fiscal slippage.

Yields at the long-end rose quickly after Federal Reserve Chair Jerome Powell said last week that the U.S. economy's strength and hot labour market might warrant tighter financial conditions.

The 10-year yield touched 5.004% on Monday, up around 8 basis points (bps) on the day.

It was briefly bid at a 16-year high of 5.001% on Thursday. It has risen 160 basis points since mid-May.

Alongside the Fed’s hawkishness, worries over fiscal matters have caused term premiums on the curve to rise.

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