Yields have topped 5% for a couple weeks now, the longest since 2007. Plus: China’s flagging consumer economy, AT&T success with service bundles, and “anchored” inflation expectations.

US 10-year and 30-year Treasury yields hit two-month highs, with a Fed pause in the next three decisions at 55.5% YES.

The US 30-year Treasury yield has stayed above 5% for the longest stretch since 2007, reshaping risk asset dynamics and raising debt