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US Treasury Yields top 5% ahead of Fed Decision as December Rate Hike looms

US Treasury yields climbed back above 5% on Wednesday, October 28, as investors awaited the Federal Reserve's interest rate decision and weighed the possibility of another increase before year-end. The benchmark 10-year yield reached approximately 5.01%, according to Trading Economics, up from around 5.00% in the previous session. The move comes after yields briefly slipped below that threshold last week, when concerns about AI stock valuations encouraged demand for government bonds. [...]