The 10-year Treasury yield has reached its highest point since July, a development that has drawn attention from global markets. What Happened: The 10-year Treasury yield closed at 4.24% on Wednesday, up from 4.204% on Tuesday and 4.074% at the end of the previous week, as reported by Benzinga. This is the highest settlement yield since Jul. 25, according to Market Data. The yield has been consistently rising for over a month, with a particularly sharp increase on Monday, and has continued to climb incrementally since then. On Wednesday, The S&P 500 experienced a slump of 1.24% from its openin…
