US 10-Year Treasury Yield Continues to Climb Higher
2026-09-01 09:52
By
Joana Taborda
1 min. read
The yield on the US 10-year Treasury note rose for a fifth consecutive session to 4.79% on Tuesday, reaching a new high since January 2025, as rising oil prices add to inflation concerns and strengthen expectations that the Fed will need to tighten monetary policy.
In remarks at the Jackson Hole Symposium last Friday, Fed Chair Warsh reiterated his commitment to bringing inflation down.
Markets are now pricing in around a 68% chance of a 25 bps rate hike by the Fed this month, up sharply from around 40% last week.
Still, some uncertainty remains over whether the central bank will raise borrowing costs, after leaving the federal funds rate unchanged at both its June and July meetings.
Meanwhile, the yield on the 30-year US Treasury bond climbed to 5.28%, nearly returning to levels seen before Treasury Secretary Bessent jolted markets last month with a decision to at least double the size of the Treasury Department’s bond buybacks.