CNBC BREAKING 10-year Treasury yield hits 5% for first time since 2023 as traders brace for Fed decision
UST 2Y: 5.08%
UST 10Y: 5.00%
UST 30Y: 5.12%
SPREAD 2s10s: -8 bps

Treasury Yield & Fed Rate Shock Simulator

Macro Stress-Testing Terminal • Market Milestone: 10-Year Benchmark Exceeds 5.00%
Critical Milestone: 5.00% Yield Reached
30-Yr Fixed Mortgage Est.
7.65%
+265 bps spread over 10Y benchmark
Fed Decision Probability
78% Rate Pause / 22% Hike
Implied from Fed Funds Futures & Sentiment
Borrowing Cost Impact
+1.85% vs 2023 average
Benchmark corporate & consumer loan drag
Highest Equity Pressure Sector
Real Estate & Long-Duration Tech
Discount rate expansion & cap-rate revaluation

U.S. Treasury Yield Curve Model

Comparing Simulated Curve vs. Historical 2023 Average & Inversion Markers
Simulated Scenario
2023 Historical Baseline
5.00% Threshold

Sectoral Equity & Asset Shock Matrix

Sensitivity projection given 10-Yr Treasury at 5.00%
Long-Duration Tech (XLK) HIGH PRESSURE
-3.8% Multiple Drag
High P/E multiples compress as discount rates rise with 10Y Treasury above 5%.
Real Estate / REITs (XLRE) HIGH PRESSURE
-4.6% Asset Reval
Cap rate adjustments and surging mortgage rates (>7.6%) freeze transaction volumes.
Regional & Large Banks (KRE/XLF) MIXED SPREAD
+0.8% Net Interest Margin
Higher asset yields boost interest margins, balanced against unrealized HTM securities losses.
Utilities (XLU) DIVIDEND SHOCK
-3.1% Outflow Risk
Bond-proxy utility dividend yields lose relative appeal to risk-free 5% Treasury paper.
Scenario status: Yield >= 5.00% High Risk
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