US 10-Year Yield Steadies on Inflation Worries

2026-10-21 03:58 By Jam Kaimo Samonte 1 min. read

The yield on the US 10-year Treasury note held steady near 5.12% on Wednesday, recovering from the previous session’s decline as rising oil prices intensified inflation concerns and strengthened expectations of further interest rate hikes.

Oil prices resumed their upward momentum after a diplomat dismissed reports that an agreement to end the US-Iran conflict was imminent, while confirming that negotiations remain ongoing.

Meanwhile, the US Federal Reserve is widely expected to keep interest rates unchanged next week, although markets are pricing in a possible rate hike in December.

Treasury yields surged to multi-decade highs earlier this month amid a global bond selloff, driven by persistent energy-related inflation pressures, mounting government debt, and deteriorating fiscal conditions across major economies.



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