Markets Close: US Today

The 10-year Treasury yield hit 5.04%, its highest level since 2007, as bond markets moved ahead of the Federal Reserve's expected rate hike on Wednesday.

Market Movers

• Dow Jones Industrial Average traded near 52,000, down roughly 450 points as Treasury yields surged five consecutive sessions
• 10-year Treasury yield touched 5.04%, surpassing its 2023 peak and marking a 19-year high that is rattling equity valuations
• Wells Fargo...