The benchmark 10-year Treasury yield pushed through 5% Monday, trading near 5.008%, up about 0.039 percentage points on the session and the first print above the level since October 2023. The distinction worth holding onto: October 2023's intraday peak was 5.021%, and only a move beyond that would make this the highest since July 2007, before the financial crisis. The 2-year sits at 4.654%, its highest since July 2024, and the 30-year at 5.361%. Mortgage rates have moved above 7% alongside it.