Although the 5% level has long been considered an important psychological threshold—a point that, once crossed, could bring more selling and still higher yields—the yield slip

Longer-dated bond yields touched 5%, after the U.S. lost its last triple-A credit rating and a tax bill that would worsen the U.S. budget deficit [passed a key hurdle](

Treasury yield surges past 5% as Moody's strips last AAA rating. The 30-year climbed above 5.00% for the first time since April's tariff announcement, while the 10-year spiked 10 basis points to 4.54% amid escalating funding costs.

Treasury yield jumped more than 10 basis points, topping 5%, before easing just below that threshold by midday.

Bond yields spiked following Moody's downgrade of US debt. The move highlights a big concern for bond investors that could spark more chaos in markets.

Stock futures fell and Treasury yields soared on Monday as investors responded to news that a major ratings agency had downgraded its assessment of U.S. federal government debt.

Here are the top stories to read ahead of Monday's trading: