US Treasury yields approached the 5% threshold, driven by a bond selloff that concerned investors from Wall Street to Washington. The benchmark 10-year yield reached 4.97% by the end of the week, nearing October 2023 peaks. This surge followed oil price spikes that threatened inflation, despite efforts by the Trump administration to alleviate debt market pressure.

The yield's proximity to 5% highlights ongoing anxieties about higher borrowing costs for the US economy.