10-year Treasury yields hit 5% for the first time since 2007. Here's what's driving rates higher and what it means for your money.

The 10-year US Treasury yield hit 4.943%, nearing 5% for the first time since October 2023, as surging oil prices and rising deficits fuel a

The 10-year Treasury yield is closing in on 5%, a level last touched in October 2023. Strategists say the drivers behind higher yields are more important.