10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Hot business activity data and rising oil prices pushed the benchmark yield to 5.12%, while CME FedWatch showed October hike odds at 71%, analysts said.
- On Wednesday, September 23, 2026, US shares dropped while the benchmark 10-year Treasury yield jumped to 5.054%, its highest level since 2007, after data showed business activity accelerated to a more than five-year high.
- S&P Global reported the flash US Composite PMI Output Index increased to 58.4 this month, its highest level since July 2021, fueling expectations for further Federal Reserve interest rate hikes.
- Fed funds futures traders are now pricing in 73% odds of an October rate hike, while the interest-rate sensitive 2-year Treasury yield rose to 4.862%, marking its highest level since June 2024.
- Higher interest rate expectations pushed the dollar to multi-week highs against the euro, which dropped 0.5% to $1.1389, as analysts noted the data underscores the Federal Reserve's hawkish policy stance.
- Brent crude oil futures for November delivery fell 0.8% to $98.49 a barrel, marking the longest losing streak since August 2025, as markets balance economic data against ongoing geopolitical uncertainties.
109 Articles
109 Articles
Treasures reach 5.15%, highest payment since 2007, for 10-year-old paper
US Treasury Yields Surge to Multi-year Highs on Oil Spike, Strong PMIs; Wall Street Tumbles
Get latest articles and stories on Business at LatestLY. US Treasury yields surged sharply on Wednesday, with the benchmark 10-year yield climbing above 5 per cent to its highest level since July 2007, as a spike in oil prices, stronger-than-expected business activity and a weak Treasury auction intensified inflation concerns and raised expectations of further interest rate hikes by the US Federal Reserve. Business News | US Treasury Yields Surg…
Markets on Alert: "Plunge" in Bonds - US 10-Year Soars to 5.13%, Global Yields at 4% - iefimerida.gr
The massive rise in government bond yields is causing new turmoil in international markets, with borrowing costs returning to levels not seen since the global financial crisis. In the US, the yield on the 10-year government bond jumped to 5.13%, recording the largest daily increase since April 2025 and reaching its highest level since 2007. At the same time, the yield on the 5-year bond exceeded 5% for the first time since 2007, while the 2-year…
The performance of US Treasury bonds to 10 years skyrocketed on Wednesday and regained its highest level in almost two decades, after new data showed solid business activity and growing concern...
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