10-year U.S. Treasury yield breaks above 5%, hitting a near-20-year high; Fed's anti-inflation credibility faces a major test.

Zhito Finance APP has learned that the U.S. 10-year Treasury yield rose to its highest level in nearly 20 years, becoming the latest milestone in a global bond selloff. This round of selling was driven by surging energy prices, rising debt levels, and inflationary pressures.