10-year Treasury yield posts biggest monthly gain since 2022: Chart of the Day
The 10-year Treasury yield reached 5.3%, the highest level in 24 years, following its largest monthly gain since 2022. This surge concludes a seven-month streak of monthly increases for the yield. While the 30-year yield also hit its highest level since 2002, recent reports indicate that pressure on U.S. Treasurys is easing as yields slip, providing some reprieve for investors. The broader bond market continues to struggle after experiencing its worst quarter since 1994.
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- β The 10-year Treasury yield posted its largest monthly gain since 2022.
- β The 10-year Treasury yield hit its highest level since 2002.
- β U.S. Treasurys experienced their worst quarter since 1994.
- β The 30-year yield reached its highest level since 2002.
What changed
The 10-year Treasury yield climbed 3 basis points to 5.3%, marking a 24-year peak.
Live updates
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10-Year Treasury Yield Hits 24-Year High Amid Monthly Surge
The 10-year Treasury yield reached 5.3%, the highest level in 24 years, following its largest monthly gain since 2022. This surge concludes a seven-month streak of monthly increases for the yield. While the 30-year yield also hit its highest level since 2002, recent reports indicate that pressure on U.S. Treasurys is easing as yields slip, providing some reprieve for investors. The broader bond market continues to struggle after experiencing its worst quarter since 1994.
Why it matters
Rising government bond yields typically increase borrowing costs for consumers and businesses. This volatility follows a global bond rout that has returned the market to conditions seen at the turn of the century.
What is confirmed
- The 10-year Treasury yield posted its largest monthly gain since 2022.
- The 10-year Treasury yield hit its highest level since 2002.
- U.S. Treasurys experienced their worst quarter since 1994.
- The 30-year yield reached its highest level since 2002.
Still unconfirmed
- The 10-year Treasury yield climbed 3 basis points to 5.3%.
- The 10-year Treasury yield has posted a 7-month streak of monthly increases.
What to watch next
- Further movements in the 10-year and 30-year Treasury yields
- Data on inflation-adjusted interest rates for constant maturity securities
confidence 90%Sources used for this update (18)
- CNBC β Pressure on U.S. Treasurys eases after 30-year yield hits highest level since 2002
- WSJ β Stock Market Today: Treasury Yields Slip, Giving Investors Some Reprieve β Live Updates
- fred.stlouisfed.org β Market Yield on U.S. Treasury Securities at 10-Year Constant ...
- Bloomberg.com β Ten Reasons Investors Are Driving Government Bond Yields Higher
- WSJ β Surging Yields Bring the Bond Market Back to the Turn of the Century
- Reuters β Bonds teeter after US Treasuries' worst quarter since 1994
- CNN β Bond market bust: The 10-year Treasury yield hit its highest level since 2002
- PBS β More swings for bond yields rattle financial markets worldwide
- finance.yahoo.com β 10-year Treasury yield posts biggest monthly gain since 2022 ...
- The New York Times β The Global Bond Rout Reaches Worrying New Levels
- Yahoo Finance β 10-year Treasury yield posts biggest monthly gain since 2022: Chart of the Day
- CNN β Bond market bust: A key rate just blew through another decades-old record
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