Rising Treasury Yields Spark Concerns Over Borrowing Costs and Economic Growth

The 10-year U.S. Treasury yield threatened to break above 5% for the first time since 2007, concerning investors.

The 10-year yield is an important benchmark for borrowing costs, so its rise puts pressure on the economy and stock market.

Higher Treasury yields have led to increases in consumer rates like mortgages and credit cards.

Emerging markets are struggling with the double impact of rising yields and a stronger dollar.

Fed Chair Jerome Powell noted the rapid rise in rates could affect their decisions on further rate hikes.