U.S. 10-year Treasury yield breaks above 5.20%

The U.S. 10-year Treasury yield has moved above 5.20% for the first time in 19 years, extending a sharp selloff in government bonds.
The benchmark yield has risen roughly 50 basis points over the past 30 days and about 30 basis points in just two days.
The rapid increase represents a significant tightening in long-term financial conditions, with implications for government financing, corporate borrowing, mortgages and valuations across risk assets.