10-year Treasury yield posts biggest monthly gain since 2022, at highest level in 24 years

To quote one of my Twitter followers, what we are seeing here is insane. Also insane is that the bull still have control of the narrative on stocks instead of the bond market with these insane moves in yields. 10-year Treasury yield is now hovering around a new 24-year high at 5.3%. 6 years ago in March 2020, those were about 0.3%. Cost of borrowing money has surged 1,500% since then. The 10-year Treasury yield is more than just a number. It's a key piece of bedrock in the financial system. But this is a real problem, even though markets want to ignore