US 10-year Treasury yield rises 2bp to 5.14%, highest since 2007

The 10-year yield is the benchmark that prices risk across everything from equities to crypto and tokenized real-world assets, so a multi-year high matters less for the two basis points than for what it says about the rate backdrop. The synchronized softness in European equities suggests this is a global duration repricing rather than a US-only story. The open question is whether yields stabilize near these levels, since persistent upward pressure tends to compress appetite for longer-duration and yield-sensitive exposure.