The U.S. 10-year yield rose as high as 4.797% this morning, the highest since Jan. 14, 2025.

The 10-year Treasury yield has eclipsed its level before Treasury Secretary Scott Bessent announced an intervention and threatened to do more.

US Treasury yields rose significantly, with the 10-year rate exceeding 4.75 percent. Rising oil prices and persistent inflation fueled expectations of a Federal Reserve rate…