Financial Times headline: US 10-year Treasury yield reaches 3% for first time since 2018
Subheadline: Fed policymakers face a ‘thick stew of uncertainties’ as they decide how much to raise rates
The US 10-year yield edged just above 3 per cent in early afternoon trading in New York, according to Bloomberg data — double its level at the start of the year and the highest since December 2018. It later dipped back to 2.99 per cent, up 0.05 percentage points on the day.