The US 10-year Treasury yield climbed to 5.02% on Tuesday, September 15, 2026, marking its highest level in almost two decades. This increase surpasses a peak seen in 2023 and is a critical development in an ongoing global bond selloff. The primary drivers behind this surge include escalating energy prices, growing national debt, and persistent inflation concerns, according to a report by Greg Ritchie and Cameron Fozi.
This significant rise in bond yields follows an increase in global oil prices, which have been impacted by heightened risks to Middle East supplies. The move in the 10-year yield reflects broader market anxieties regarding inflation and the burden of government and corporate borrowing needs.
The 5% threshold was first breached on Monday, September 14, 2026, with the yield reaching 5.01%. This was the first time the yield had consistently been above 5% since 2007, having only briefly touched that level for one day in October 2023. The continued upward trend underscores a challenging environment for investors and borrowers alike.
