Wall Street Fears 'Something Is Going to Break' As Treasury Yields Blow Past 5%

U.S. Treasury data showed the benchmark 10-year yield at 5.18% on Thursday, while the 30-year yield reached 5.47%, after touching its highest level in more than two decades during the session. (Credit: AFP via Getty Images/Saul Loeb)

The 10-year Treasury yield surged above 5.1% this week, extending a dramatic climb from below 4.8% just two weeks ago and analysts are saying that when interest rates move this quickly, history suggests financial trouble often follows.

U.S. Treasury datashowed the benchmark 10-year yield above 5.2% on Friday. For investors, the concern is not simply that borrowing costs are high. It is how quickly they have risen. "Something always breaks," John Roque, head of technical analysis at 22V Research, warned in a recent note, according to CNBC.