US 10-Year Yield Eases From 24-Year High

2026-10-07 18:27 By Andre Joaquim 1 min. read

The yield on the 10-year Treasury note was at 5.28%, 8 bps below the 24-year high touched earlier in the session as oil prices swung lower and softened the alarm over energy inflation.

OPEC+ shipped laden tankers through the Persian Gulf to limit the crunch for global refiners.

This coincided with a strong auction for 10-year notes, which stopped through by 1.7 bps.

Still, long-maturity yields were close to their highest since the start of the millennium as the risk of high inflation was combined with robust growth, widening budget deficits, and soaring levels of corporate debt supply.

Minutes from the Federal Reserve's last meeting showed strong consensus within the FOMC that higher rates are necessary and the labor market is at full employment.

Policymakers also noted that the Treasury market is functioning well, but the central bank must be alert to frictions due to high yields.

Over 80% of the rate futures market is positioned for at least one more rate hike by the end of the year.



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US 10-Year Yield Eases From 24-Year High
The yield on the 10-year Treasury note was at 5.28%, 8 bps below the 24-year high touched earlier in the session as oil prices swung lower and softened the alarm over energy inflation. OPEC+ shipped laden tankers through the Persian Gulf to limit the crunch for global refiners. This coincided with a strong auction for 10-year notes, which stopped through by 1.7 bps. Still, long-maturity yields were close to their highest since the start of the millennium as the risk of high inflation was combined with robust growth, widening budget deficits, and soaring levels of corporate debt supply. Minutes from the Federal Reserve's last meeting showed strong consensus within the FOMC that higher rates are necessary and the labor market is at full employment. Policymakers also noted that the Treasury market is functioning well, but the central bank must be alert to frictions due to high yields. Over 80% of the rate futures market is positioned for at least one more rate hike by the end of the year.
2026-10-07
Treasury Yields Resume Climb
The yield on the US 10-year Treasury note rose to 5.32% on Wednesday, returning to levels last seen in 2002 and reversing some of the relief seen in the previous session, as oil prices resumed their climb and concerns over inflation and tighter monetary policy re-emerged. Investors are also awaiting the release of the FOMC minutes later in the day for further details and insights into the Fed’s policy outlook following last month’s 25bps increase in the federal funds rate, the first hike in borrowing costs since 2023. The Treasury is also set to sell $39 billion of 10-year notes at auction on Wednesday. Meanwhile, the 30-year Treasury yield climbed to a fresh 24-year high of 5.70%, with a 30-year bond auction on Thursday also set to test demand in the Treasury market.
2026-10-07
US 10-Year Yield Steadies Ahead of Fed Minutes
The yield on the 10-year US Treasury note steadied around 5.31% on Wednesday, remaining near 24-year highs as investors awaited minutes from the Federal Reserve’s latest meeting for clues on the outlook for monetary policy. Traders also monitored remarks from Fed officials, with policymakers increasingly signaling a less hawkish stance on interest rates following softer-than-expected PCE inflation and jobs data released last week. Markets are currently pricing in nearly an 80% chance that the Fed will keep policy unchanged this month. Meanwhile, Treasury bonds remained under pressure as concerns over persistent inflation, widening fiscal risks and increased issuance of AI-related debt continued to weigh on sentiment. Oil prices also advanced as renewed attacks on tankers in the Strait of Hormuz and continued fighting between Saudi forces and the Houthis heightened concerns over energy supplies, keeping inflation and potential rate hikes in focus.
2026-10-07