TREASURY SHOCK: 10-Year Yield Surges Past 5% on Diesel Spike...

The 10-year Treasury yield, which influences mortgage rates and borrowing costs across the economy, briefly climbed above 5% as diesel prices spiked sharply. Elevated diesel costs ripple through the supply chain since trucks haul most goods across the country, raising inflation concerns and pushing bond yields higher as investors demand greater returns to hold government debt. The move reflects how energy shocks can quickly reshape financial markets and consumer purchasing power.