10‑Year Treasury Yield Hits 2007 High as Dollar Gains and Yen Slips

U.S. Treasury 10‑year yield rose to its highest level since 2007, pushing the dollar up against major currencies. The jump in yields came as traders priced in a strong chance that the U.S. Federal Reserve will raise rates on Wednesday. Market participants are now waiting for the Fed’s press conference later in the day for clues on the future path of monetary policy. The yen weakened, slipping to 155 per dollar, a level not seen in a week. Analysts said the yield surge reflects tighter credit conditions and expectations of higher borrowing costs. The Fed’s likely hike follows recent data showing persistent inflation pressures. Higher yields also raise borrowing costs for corporations and consumers, potentially slowing growth. Investors said the upcoming Fed remarks will be key to gauge whether the central bank will adopt a more aggressive stance. The yen’s fall adds pressure on Japan’s export‑driven economy, while the stronger dollar makes imports cheaper for the United States.