US stocks tumble as 10-year Treasury yield hits 5% for first time since 2007

US stocks tumble as 10-year Treasury yield hits 5% for first time since 2007

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Don Emmert /AFP/GettyImages US stocks tumbled on Monday as bond yields continued to surge. The yield on the 10-year US Treasury topped 5% for the first time since 2007. Mega-cap tech giants Alphabet, Microsoft, Meta, and Amazon all report later this week. US stocks slid on Monday as the 10-year…

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