The U.S. 10-year Treasury yield has surged to 4.8%, marking its highest level since November 2023, following a rise of about 440 basis points over the last five years. This increase is causing concern among investors, as it could threaten market gains and potentially lead to a deeper and longer stock market correction. Analysts warn that if the yield reaches 5%, it might trigger a significant selloff in the stock market. The 30-year Treasury yield has also hit 5%, adding to the pressure on equities. The increase in yields comes ahead of key inflation reports, with the Producer Price Index (PPI) and Consumer Price Index (CPI) expected to influence future yield movements. The Federal Reserve's interest rate decisions are also anticipated to impact Treasury yields, with a rate hold expected at the next meeting in January 2025. The rise in bond yields could have broader implications for the economy, potentially increasing borrowing costs and affecting consumer finances. Last week, the S&P 500 fell by 2% amid these concerns.