New YorkThe 10-year Treasury yield hit 5%.
It sets the floor under mortgage rates and emerging-market borrowing costs worldwide.
August inflation ran 3.4% annualized, well above the Federal Reserve’s 2% target, consumer-price index data show.
The Federal Reserve meets Tuesday and Wednesday, with a hike widely expected under Chair Kevin Warsh.
How each outlet framed it
drawn from 250+ reports worldwide
- Nikkei Asia
- frames 5% yield as psychological threshold traders use as buy/sell signals, key indicator for equity market appeal
- Aol
Sources: Nikkei Asia, Aol