How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy

Wall Street Journal, Oct. 24, 2023–Amara Omeokwe, Andrew Duehren
Add surging interest rates to the list of threats staring down the U.S. economy.

The yield on the U.S. 10-year Treasury note touched 5% on Monday for the first time in 16 years, after climbing rapidly in recent weeks. That is among many borrowing costs—including for other long-term government debt, mortgages, credit cards, auto purchases and business loans—that could slow the surprisingly resilient economy.
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