US 10-year Treasury yield hits 5.04%, highest since July 2007

The 10-year US Treasury note yield rose to 5.04%, the highest level since July 2007. The average interest rate on a 30-year fixed mortgage reached 7.17%, indicating tighter financial conditions and reduced housing affordability. Source: @TheKobeissiLetter.

Key figures

- 10Y US Treasury yield: 5.04%
- 30Y fixed mortgage rate: 7.17%