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Global stocks slump as treasury yield hits 5 per cent

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Stocks staged a broad retreat after the 10-year Treasury yield topped 5 per cent, fueling concern that soaring borrowing costs will erode economic growth.

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10-yr Treasury yield passes 5%, stocks at seven-month lowsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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US futures sink after 10-year Treasury yield tops 5%: Stock market news todayThe 10-year Treasury yields passed a key milestone, underlining the 'new normal' of higher-for-longer rates.
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