The yield on the US 10-year Treasury note rose to 5.234%, the highest level since mid-2007.

BlockBeats news, September 28, according to BIT(bit.com) market data, the U.S. 10-year Treasury yield rose to 5.234%, the highest level since mid-2007. The 30-year Treasury yield rose to 5.542%, the highest level since 2004.

This means that the market's pricing of long-term risk has significantly increased, with heightened concerns over sticky inflation, the Federal Reserve maintaining high interest rates, and massive fiscal deficits and debt sustainability. The long-term borrowing costs for governments, businesses, and consumers have been pushed higher, which typically suppresses stock market valuations and tightens global financial conditions, potentially restraining economic growth to some extent.

For more analysis, see "Long and Short U.S. Treasury Curve Approaches Inversion, Recession Precursor Signal Activated?"