10-year Treasury yield hits highest level since 2023 as US Federal Reserve decision looms

10-year Treasury yield hits highest level since 2023 as US Federal Reserve decision looms. The US 10-year Treasury yield rose to 5%, its highest since October 2023, driven by rising crude oil prices and inflation concerns. The Federal Reserve may increase interest rates, with a 90% chance of a hike at the upcoming meeting. Investor anxiety persists despite Treasury buyback efforts. The US 10-year Treasury yield, a benchmark for mortgage and auto loan rates, climbed two basis points to 5%, its highest level since October 2023, ahead of the US Federal Reserve's policy decision on Wednesday, as