10-Year Yield Hits 2007 High as Hot Economy Fuels Fed Hike Bets | Sept 23 Money Update

The 10-year Treasury yield closed at 5.11%, its highest since 2007, after S&P Global's flash PMI showed U.S. business activity growing at the fastest pace in over five years with input costs surging. Fed Governor Michael Barr said further policy adjustments are likely, and 30-year mortgage rates matched their highest level since May 2024. Plus: Meta's Muse hits Expedia and Booking, diesel hits a record $6.52 as a 90-day export ban is weighed, and quick hits on US–China talks, McDonald's, Royal Caribbean–Sandals and Cracker Barrel. The Torch Daily money update for September 23, 2026.