Markets Close: US Today

10-year Treasury yield touched 5.23% on Friday — the highest since June 2007 — as bond vigilantes pushed borrowing costs to levels not seen since the financial crisis era.

Money Moves

• Iran's Hormuz offer sparks oil selloff — WTI crude tumbled toward $92 after Tehran proposed reopening the Strait of Hormuz within seven days if Washington restores a June memorandum of understanding
• Dow Jones Industrial Average rallied to ~51,800 on Friday,...