US 10-Year Yield Edges Higher
2026-02-19 03:02
By
Jam Kaimo Samonte
1 min. read
The yield on the 10-year US Treasury note climbed toward 4.1% on Thursday, rising for the third consecutive session as strong US economic data and hawkish signals from the Fed lifted yields.
Minutes from the Fed’s last meeting showed policymakers were split on the trajectory for US rates, with several participants favoring language that would have explicitly left open the option of raising the federal funds rate if inflation remained above target.
Traders slightly trimmed expectations for Fed rate cuts this year but still see two 25 bps reductions before year-end.
Recent data also highlighted robust US activity, with industrial production posting its largest increase in nearly a year, core capital goods orders surpassing forecasts, and housing starts reaching a five-month high.
Investors now look ahead to jobless claims, PCE inflation, and GDP reports for further guidance on the rate outlook.
Meanwhile, the Treasury Department’s $16 billion sale of 20-year bonds saw weak demand.