The real yield on the 5-year Treasury note climbed to its highest level since 2008 after Fed interest rate swaps indicated the Fed would cut interest rates by 25 basis points for the first time in July next year

Odaily Planet Daily News Fed interest rate swaps show that the Fed will cut interest rates by 25 basis points for the first time in July next year. The real yield on the U.S. five-year Treasury note climbed to 2.26%, the highest level since 2008. (Golden Ten)