10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
Investors sold bonds on concerns over higher rates, heavy debt issuance and fiscal spending plans, pushing borrowing costs to multi-decade highs.
- On Thursday, October 1, 2026, the benchmark 10-year U.S. Treasury yield climbed to 5.34%, marking its highest level since 2002, according to LSEG data.
- Investors offloaded bonds as concerns about persistent inflation, higher interest rates, and heavy government debt loads intensified globally. The sell-off reflected deep anxiety over fiscal spending plans and the costly AI buildout.
- Simultaneously, the 30-year U.S. Treasury yield climbed to 5.67%, also a 24-year high. This movement underscores the intensity of the ongoing sell-off across the entire yield curve, signaling deepening investor concern over debt.
- Treasury Secretary Scott Bessent insisted the government's debt load can be tamed, though market skepticism persists. Seeking Alpha analyst James Picerno noted the bond market appears "unconvinced that slower growth, lower inflation, or fiscal restraint are close at hand."
- As the year concludes, midterm elections on November 3 and a pivotal Federal Reserve meeting loom. Economists warn inflation could trend toward 4%, keeping pressure on yields throughout the coming months.
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The tension rises on the international bond markets, which had settled after the peaks of yield recorded last week. Wednesday a new wave of sales has overwhelmed the government bonds on both sides of the Atlantic, hit especially those of the Countries considered fiscally more fragile or politically unstable. In the United States the return of Treasury [...] The article New wave of sales on government bonds: returns of US Treasury to the maximum …
US stocks hit fresh records as oil stabilizes on rising supplies
On Wall Street, the technology-focused Nasdaq index advanced 0.5 percent to a new high, coming off a record set on Monday driven by AI enthusiasm. The S&P 500 also hit a new record after rising 0.6 percent. The brisk trading in New York stoked European stock markets, after gains across most Asian equity markets. Oil prices were subdued as Gulf exports inch back toward pre-war levels, with the international benchmark Brent North Sea crude closin…
US Stocks Flirt With a Record After Oil Prices Ease
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