The yield on the US 10-year Treasury note fell about 6 basis points to 4.5% on Tuesday, as investors returned from the long weekend and remained cautiously optimistic that the US and Iran could still reach a near-term agreement, despite recent military strikes and ongoing mixed signals from both sides. Attention is also focused on the Fed’s policy outlook, with markets reassessing expectations for interest rates after the surge in oil prices fuelled inflation concerns. Traders are now pricing in an 80% probability of a rate hike by December, a significant reversal from earlier expectations of two 25bps cuts prior to the US and Iran. The upcoming PCE inflation report, the Fed’s preferred gauge of price pressures, will provide further clarity on the inflation trajectory and the central bank’s likely policy response.

The yield on US 10 Year Note Bond Yield eased to 4.51% on May 26, 2026, marking a 0.06 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.06 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Note Yield - data, forecasts, historical chart - was last updated on May 26 of 2026.

The yield on US 10 Year Note Bond Yield eased to 4.51% on May 26, 2026, marking a 0.06 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.06 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Note Yield is expected to trade at 4.54 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.33 in 12 months time.



Bonds Yield Day Month Year Date
US 10Y 4.51 -0.056% 0.162% 0.058% May/26
US 4W 3.67 -0.005% 0% -0.612% May/26
US 8W 3.67 -0.008% -0.013% -0.647% May/26
US 3M 3.67 -0.006% -0.011% -0.640% May/26
US 6M 3.76 -0.005% 0.052% -0.548% May/26
US 52W 3.82 -0.027% 0.139% -0.321% May/26
US 2Y 4.07 -0.058% 0.268% 0.087% May/26
US 3Y 4.12 -0.058% 0.288% 0.180% May/26
US 5Y 4.20 -0.060% 0.247% 0.166% May/26
US 7Y 4.35 -0.061% 0.205% 0.108% May/26
US 20Y 5.03 0.016% 0.110% 0.071% May/26
US 30Y 5.03 -0.037% 0.079% 0.068% May/26
US 10Y TIPS 2.09 -0.061% 0.194% -0.006% May/26
US 5Y TIPS 1.66 -0.060% 0.344% 0.033% May/26
US 30Y TIPS 2.75 -0.038% 0.054% 0.096% May/26



Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026

US 10 Year Treasury Note Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.51 4.56 15.82 0.32 1912 - 2026 percent Daily

News Stream
Treasury Yields Fall to Kick Off the Week
The yield on the US 10-year Treasury note fell about 6 basis points to 4.5% on Tuesday, as investors returned from the long weekend and remained cautiously optimistic that the US and Iran could still reach a near-term agreement, despite recent military strikes and ongoing mixed signals from both sides. Attention is also focused on the Fed’s policy outlook, with markets reassessing expectations for interest rates after the surge in oil prices fuelled inflation concerns. Traders are now pricing in an 80% probability of a rate hike by December, a significant reversal from earlier expectations of two 25bps cuts prior to the US and Iran. The upcoming PCE inflation report, the Fed’s preferred gauge of price pressures, will provide further clarity on the inflation trajectory and the central bank’s likely policy response.
2026-05-26
US 10-Year Yield Declines in Catch-Up Trade
The yield on the US 10-year Treasury note fell about 5 basis points to 4.5% on Tuesday as bond markets reopened following a holiday-extended weekend, with investors assessing the latest developments in the Middle East. President Donald Trump said talks with Tehran were progressing well, though he warned that further attacks could follow if negotiations collapsed. Meanwhile, the US military targeted missile launch sites and vessels suspected of attempting to deploy mines in southern Iran, with US Central Command saying the operations were intended to protect American troops in the region. Despite the ongoing tensions, oil prices have dropped sharply over the past week amid renewed optimism that the US and Iran could reach an agreement to end the conflict and reopen the Strait of Hormuz, easing concerns about inflation and interest rate hikes. Investors are now awaiting upcoming PCE inflation data for fresh clues on the Federal Reserve’s policy outlook.
2026-05-26
Treasury Yields Fall for 3rd Session
The yield on the US 10-year Treasury note eased slightly to 4.56% on Friday, holding losses from the two prior sessions and reaching its lowest level in about a week, as inflation concerns temporarily subsided. Investor sentiment improved after renewed optimism that the US and Iran could reach an agreement and potentially reopen the Strait of Hormuz, helping oil prices retreat from recent highs. Nevertheless, the situation remains highly fragile and volatile. Despite this week’s pullback, oil prices are still roughly 50% above pre-conflict levels, continuing to fuel inflationary pressures and reinforcing a cautious stance among major central banks. Minutes from the latest FOMC meeting showed that most policymakers believe additional rate hikes could still be necessary if inflation remains persistently above the Fed’s 2% target. Markets have increasingly priced in the likelihood of a 25-basis-point rate hike by the end of the year. US bond markets will be closed on Monday for a holiday.
2026-05-22