US 10-Year Treasury Yield Close to 2023-Highs

2026-09-11 12:53 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note was around 4.92% on Friday, slightly below Thursday’s levels but still close to 2023 highs, as traders weighed lower oil prices against a hotter-than-expected core CPI reading.

Core CPI rose 0.3% month-on-month, up from 0.2% in July and above forecasts of 0.2%.

The annual core inflation rate, however, slowed to a 2021 low of 2.4%, while headline CPI rose 0.4% as expected, leaving the annual rate at 3.4%.

Following the release, the probability of a Fed rate hike next week jumped to around 90%, from roughly 70% beforehand, as the hotter-than-expected monthly core CPI reading bolstered the case for further monetary tightening.

Meanwhile, the Treasury Department’s latest buyback operation resulted in weaker-than-expected purchases.

The US government repurchased $5.2 billion worth of bonds, below the $6 billion cap and roughly half of the $10.5 billion offered in the operation.



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