US 10Y Yield Hovers Near 11-Month High
2026-05-14 02:41
By
Jam Kaimo Samonte
1 min. read
The yield on the US 10-year Treasury note hovered around 4.46% on Thursday, staying near its highest level since June last year as accelerating US inflation linked to the Iran war reinforced expectations that the Federal Reserve will maintain higher interest rates for longer or potentially implement another hike.
Data released Thursday showed US wholesale inflation rose in April at its fastest pace since 2022, following Tuesday’s report indicating consumer inflation climbed to 3.8% last month, the highest reading since May 2023.
Markets have now fully priced out any possibility of a Fed rate cut this year and are increasingly factoring in a higher probability of a rate increase before year-end.
Meanwhile, the US Senate narrowly confirmed Kevin Warsh as Federal Reserve chair on Wednesday, with investors assessing whether he will maintain the central bank’s independence amid political pressure.