10-YEAR TREASURY YIELD NEARS 5% MARK

The 10-year Treasury yield climbed to 4.99% on Thursday, up from 4.96% the previous session, as traders priced in a September inflation report expected to show consumer prices rising 3.7% annually, well above the Federal Reserve's target. The move added pressure on Wall Street during a session already marked by an AI-related stock selloff. Treasury-tracking funds such as $TLT extended their losses as the benchmark rate pushed toward the psychologically important 5% threshold.