2007: The last time yields topped 5%
The 10-year Treasury last yielded above 5% in 2007, the year the housing market began to crack. It closed at 5.24% on Monday, the first time back at that level.
Yields at this level in 2007 came amid a deteriorating housing market.
The ensuing crisis brought rates to historic lows within a few years.
The return to 5% yields shows how persistent the current inflation and borrowing-cost cycle has become, even though lending standards and Fed policy differ sharply from 2007.
