30-year Treasury yield hits highest level since 2007 after Fed keeps rates unchanged
The move deepened market losses as the Nasdaq 100 entered a technical correction and chipmakers led a broad selloff.
- On Wednesday, July 29, 2026, United States Federal Reserve chair Kevin Warsh announced the Fed left interest rates unchanged, insisting the decision was not "a sign of inertia" while curtailing forward guidance to markets.
- Following the announcement, Treasury 30-year yields surged to their highest level since 2007 as market participants struggled to interpret the central bank's abandonment of explicit policy forecasts.
- Equity markets tumbled as The Nasdaq 100 entered a technical correction, down 11 per cent, following lackluster forecasts from Meta Platforms Inc and Qualcomm Inc that spooked investors.
- Apollo Global Management's Torsten Slok said the Fed's curtailed guidance is fueling historic bond market volatility, sending Treasury yields swinging "up and down like a yo-yo."
- Pacific Investment Management's Tiffany Wilding noted Warsh offered no signal for a September rate hike, leaving investors uncertain about the timeline for potential policy firming amid historic volatility.
32 Articles
32 Articles
30-year Treasury profitability rose to peaks in 2007, after the Fed kept the fees for the fifth meeting followed. Warsh promises not to vacillate against inflation, but divides the market and the Fed itself, with three dissents
Worries about rising inflation sparked a sell-off in U.S. government bonds on Wednesday. The yield on the 30-year Treasury note, an indicator of how much the U.S. borrows money with long maturities, rose 0.14 percentage points to 5.23 percent, its highest level since 2007.
Treasury Yields Stay Near Decades-High After Fed Pause. Long-Term Borrowing Costs Still Under Pressure
The benchmark 30-year Treasury yield remained near its highest level in almost two decades as markets weighed the Fed's latest policy decision, inflation data and expectations for additional rate hikes later this year.
Long-Term Treasury Yields at 19-Year High
“Treasury yields are hovering at multiyear highs, reflecting worries about rising inflation and the Fed’s willingness to combat it after officials held interest rates unchanged for a seventh month,” the Wall Street Journal reports.
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