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10-year Treasury bond yields passed 5% for the first time since 2007 Monday.

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  • Yields on 10-year US Treasury notes topped 5% for the first time since 2007 Monday.
  • Bond prices have cratered in recent weeks in one of the worst routs in market history.
  • Traders' worries about the Fed's interest-rate hikes and the government's mountain of debt have fueled the sell-off.

The US bond market's worst-ever rout ticked off a new milestone Monday, as 10-year Treasury yields shot past 5% for the first time in 16 years.

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Ten-year Treasury yields jump above 5% for the first time since the 2008 financ…