The yield on the 10-year US Treasury note fell to 4.46%, extending the drop from the 16-month high of 4.7% touched on May 20th as reports of an interim deal between the US and Iran limited the inflationary outlook. The US and Iran reportedly agreed to a 60-day memorandum of understanding that extends the current ceasefire and gradually restores the flow of tankers and commercial vessels through the Strait of Hormuz. Energy prices pared their rebound, adding support for Treasuries after inflation gauges did not surprise to the upside. PCE inflation rose as expected, and first quarter GDP revision was revised downwards on softer investment growth. Still, consumer spending remained relatively robust and jobless claims maintained their low level. Hawkish remarks by FOMC members also prevented a further drop in yields. Fed Vice Chair Jefferson warned that inflation risks remain tilted to the upside, while Minneapolis Fed President Kashkari said consumer prices are still “much too high”.

The yield on US 10 Year Note Bond Yield eased to 4.46% on May 28, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.02 points and is 0.03 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Note Yield - data, forecasts, historical chart - was last updated on May 28 of 2026.

The yield on US 10 Year Note Bond Yield eased to 4.46% on May 28, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.02 points and is 0.03 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Note Yield is expected to trade at 4.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.33 in 12 months time.



Bonds Yield Day Month Year Date
US 10Y 4.46 -0.031% 0.023% 0.033% May/28
US 4W 3.67 -0.001% 0.035% -0.607% May/28
US 8W 3.68 0.007% 0.007% -0.621% May/28
US 3M 3.68 0.005% -0.006% -0.657% May/28
US 6M 3.76 0% 0.037% -0.548% May/28
US 52W 3.78 -0.011% 0.037% -0.343% May/28
US 2Y 4.03 -0.008% 0.068% 0.086% May/28
US 3Y 4.08 -0.020% 0.103% 0.171% May/28
US 5Y 4.17 -0.019% 0.080% 0.155% May/28
US 7Y 4.30 -0.028% 0.018% 0.099% May/28
US 20Y 4.98 -0.031% -0.008% 0.040% May/28
US 30Y 4.98 -0.033% -0.023% 0.063% May/28
US 10Y TIPS 2.05 -0.021% 0.098% -0.049% May/28
US 5Y TIPS 1.60 -0.049% 0.212% -0.007% May/28
US 30Y TIPS 2.72 -0.017% -0.008% 0.071% May/28



Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026

US 10 Year Treasury Note Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.46 4.49 15.82 0.32 1912 - 2026 percent Daily

News Stream
US 10-Year Yield Drops Further
The yield on the 10-year US Treasury note fell to 4.46%, extending the drop from the 16-month high of 4.7% touched on May 20th as reports of an interim deal between the US and Iran limited the inflationary outlook. The US and Iran reportedly agreed to a 60-day memorandum of understanding that extends the current ceasefire and gradually restores the flow of tankers and commercial vessels through the Strait of Hormuz. Energy prices pared their rebound, adding support for Treasuries after inflation gauges did not surprise to the upside. PCE inflation rose as expected, and first quarter GDP revision was revised downwards on softer investment growth. Still, consumer spending remained relatively robust and jobless claims maintained their low level. Hawkish remarks by FOMC members also prevented a further drop in yields. Fed Vice Chair Jefferson warned that inflation risks remain tilted to the upside, while Minneapolis Fed President Kashkari said consumer prices are still “much too high”.
2026-05-28
10-Year Treasury Yield Hovers at 4.5%
The yield on the US 10-year Treasury note traded below 4.5% on Thursday, retreating from session highs of 4.53%, as investors continued to assess the evolving situation in the Middle East and conflicting signals surrounding a potential agreement between the US and Iran that could end the war and reopen the Strait of Hormuz. Meanwhile, both headline and core PCE inflation readings came in below expectations at 0.4% and 0.2% mom, respectively, although annual rates remained well above the Fed’s target, at 3.8% and 3.3%. Personal spending rose as expected in April, while Q1 GDP growth was revised lower. On the monetary policy front, Fed Vice Chair Jefferson warned that inflation risks remain tilted to the upside, while Minneapolis Fed President Kashkari said consumer prices are still “much too high”. Traders worry that higher energy prices stemming from the closure of the Strait of Hormuz could keep inflation elevated and force the Fed to maintain higher interest rates for longer.
2026-05-28
US 10Y Yield Climbs on Renewed US-Iran Tensions
The yield on the 10-year US Treasury note rose above 4.5% on Thursday, snapping a five-session decline as reports of fresh US strikes on an Iranian military facility dampened hopes for a near-term peace agreement and kept inflation and interest rate concerns elevated. Washington and Tehran also remained divided over major issues, including Iran’s insistence on retaining control of the Strait of Hormuz and preserving its nuclear program. Meanwhile, Minneapolis Fed President Neel Kashkari said on Thursday that reducing inflation remains his top priority, emphasizing that consumer prices are still too high even as the US labor market remains relatively strong. Investors are now awaiting the latest PCE price index report, the Federal Reserve’s preferred inflation gauge, for additional clues on the direction of monetary policy. Markets are currently pricing in roughly a 50% probability of a Fed rate hike by December.
2026-05-28