US borrowing costs hit highest level since 2007

The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, has risen as high as 5.04% but has eased back since.

In Business, FlexChar puts this story at the center of the day: The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, has risen as high as 5.04% but has eased back since. FlexChar is surfacing it because it is driving searches and conversation right now.