October 8, 2026
US Treasury bond yields witnessed a noticeable rise during trading, driven by a wave of selling in the market and investors’ anticipation of an upcoming auction offered by the US Treasury.
The 10-year Treasury bond yield rose by about 8 basis points to reach 5.35%, recording its highest level since 2002. In the same context, the 30-year bond yield rose by 8.3 basis points to reach 5.72% (5.724%), recording its highest level in 24 years, while the two-year bond yield recorded 4.818%.
As part of the issuance operations, the Treasury intends to offer 10-year bonds worth $39 billion, in a series of auctions that also include three-year bonds worth $58 billion, and 30-year bonds worth $22 billion.
The wave of rising yields comes amid rising investor concerns about inflation, US debt levels, and rising energy prices. The yield on 10-year bonds has jumped by about 60 basis points since the end of last July, coinciding with an increase in US crude prices by about 20%.
