US 10-Year Treasury Yield Continues to Rise

2026-07-30 11:21 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note edged up to 4.69% on Thursday, extending the previous session's 7bps increase and returning to its highest level since January 2025.

Meanwhile, the yield on the 30-year Treasury bond surged to 5.23%, its highest level in 19 years, as investors continued to assess the latest FOMC decision and Chair Warsh's press conference.

As expected, the Fed left the federal funds rate unchanged but three FOMC members voted in favor of a rate hike.

While Chair Warsh reiterated the Fed's commitment to bringing inflation under control and stressed that policymakers would not hesitate to act if necessary, he was not among those advocating an immediate increase and refrained from offering clear forward guidance, leaving investors viewing the central bank as merely postponing what they see as an inevitable rate hike.

The implied probability of a 25-basis-point rate hike in September has fallen to around 63%, down from nearly 80% before the Fed's decision.



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