10-Year Treasury Yield Nears 5% as Recession Fears Abate, Retail Sales Strong

Growing confidence in avoiding a U.S. recession has pushed the 10-year Treasury yield near 5%, its highest since 2007.

Absence of Middle East escalation has traders focusing on strong retail sales data instead.

The 10-year yield faces little resistance between current levels and 5%.

Geopolitics remain a risk if tensions escalate, potentially sparking a flight to safety.

Higher yields across the Treasury curve are weighing on stocks as rate expectations rise.