10-Year U.S. Treasury Yield Hovers Below 5%
The yield on the US 10-year Treasury note held just below 5% as mounting concerns about artificial intelligence spending, which spurred a global tech selloff, continued to drive safe-haven demand for bonds.
Global bond yields have repriced higher on hawkish “higher-for-longer” policy expectations, elevated energy prices, and geopolitical uncertainty, reshaping markets as year-end approaches.
Tensions in the Middle East stoke inflation pressure as energy costs reach a multi-year high.
Since the start of 2026, global government bond yields have risen steadily. In September alone, yields on the U.S. 10-year Treasury rose 50 basis points (bps), closing the month at 5.25%, a level not seen since 2002.
The sharpness of yield spikes has not been contained to the U.S. market. Recently, yields on the U.K.’s 30-year gilt climbed above 6% for the first time since 1998.
In France, the 10-year yield is at its highest level since mid-2002. In Japan, yields on the 10-year Japanese Government Bond rose above 3% for the first time since 1996.
Meanwhile, preliminary third-quarter GDP figures and September PCE inflation data are expected to offer additional clues about the economy’s health and the inflation outlook.
Markets are also focused on the Federal Reserve’s upcoming policy decision, with the central bank widely expected to keep interest rates unchanged before potentially raising them in December.
Elsewhere, central banks in the Eurozone and Japan are also expected to keep rates unchanged. #10-Year U.S. Treasury Yield Hovers Below 5% SK Hynix Postpones Plan to Take Solidigm Public
