US 10-Year Treasury Yield Surges to 19-Year High as Fed Meeting Begins

The 10-year U.S. Treasury yield briefly climbed to 5.045% intraday on Tuesday, marking its highest level since 2007, as investors reacted to spiking oil prices and anticipated the Federal Reserve's interest rate decision. The surge in yields contributed to a decline in major stock indexes, with the Russell 2000 and Nasdaq sinking.