US 10-Year Yield Hits 5.02%, Highest Since 2007 as UBS Flags Limited Downside

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‼️ The 10-year US Treasury yield climbed to 5.02%, its highest level since 2007, surpassing its 2023 peak. UBS said downside for long-end yields is limited, citing resilient US growth, changed Treasury supply dynamics and materially weaker structural demand from foreign official investors.
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