EconomyUS 10-Year Yield Rises to Highest Since 2007 as Fed Decision Looms

The 10-year US Treasury yield climbed to its highest level in nearly two decades as a sharp global bond selloff was fueled by booming capital investment and surging energy prices that are worsening inflation. Mizuho Securities macro strategist Dominic Konstam discusses expectations for Wednesday’s Fed rate decision, rising yields and increasing market risks.