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Understanding the 10-year Treasury yield: Definition and importance
The 10-year Treasury yield is the interest rate that the US government pays to borrow money for 10 years.
When the government needs cash, it issues bonds called Treasury notes, and the 10-year note is one of the most watched. The “yield” is the annual return you’d get if you bought that bond and held it until it matures. It’s expressed as a percentage, like 4% or 5%.
Think of it as the government saying, “Hey, lend me…
