The yield on the 10-year US Treasury note traded around 5% on Thursday, staying close to its highest level since July 2007 after the Federal Reserve raised interest rates for the first time in three years and signaled further tightening this year to contain inflation. The FOMC unanimously lifted the fed funds rate by 25 basis points to 3.75%-4%, as expected. Fed Chair Kevin Warsh also said inflation remains elevated, while data released last week showed core US inflation increased more than anticipated in August. In addition to rising inflation driven by surging energy prices, Warsh noted that Treasuries have also faced pressure as they compete for investor capital with a growing supply of corporate debt. Meanwhile, President Donald called for rates to be quickly reduced to 1% or below in a social media post, although he stopped short of criticizing Warsh.