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10 year US Treasury yield hits highest since 2002

The benchmark 10-year U.S. Treasury yield touched 5.34 percent on Thursday, reaching its highest level since 2002 as a global bond sell-off deepened. The 30-year Treasury yield also climbed to an intraday high of 5.613 percent, extending a multi-day surge. The rapid sell-off in government bonds pushed borrowing costs higher worldwide and exerted downward pressure on Wall Street stocks, though Treasury yields later retreated following lighter-than-expected U.S. inflation data and a return of investor buying.

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  • ✓ The U.S. 10-year Treasury yield hit its highest level since 2002 on Thursday.
  • ✓ The 30-year Treasury yield hit 5.613 percent intraday, rising for six straight days.
  • ✓ The benchmark 10-year Treasury yield was last seen 4 basis points higher at 5.3338 percent, according to LSEG data.
  • ✓ Treasury yields declined on Wednesday following the release of lighter-than-expected U.S. inflation data.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Government bond yields fell on Thursday, reversing an earlier rout that had pushed the 10-year yield to a multi-decade peak as investors returned to the market.

Live updates

  1. 10-Year U.S. Treasury Yield Hits Highest Level Since 2002

    The benchmark 10-year U.S. Treasury yield touched 5.34 percent on Thursday, reaching its highest level since 2002 as a global bond sell-off deepened. The 30-year Treasury yield also climbed to an intraday high of 5.613 percent, extending a multi-day surge. The rapid sell-off in government bonds pushed borrowing costs higher worldwide and exerted downward pressure on Wall Street stocks, though Treasury yields later retreated following lighter-than-expected U.S. inflation data and a return of investor buying.

    Why it matters

    The spike in long-term borrowing costs reflects intense market pressure stemming from heavy federal budget deficits. This sharp downturn follows the worst quarter for U.S. Treasuries since 1994, compounding financial strain across the economy. Higher yields directly translate to increased costs for consumer debt, including mortgages, auto loans, and credit cards.

    What is confirmed

    • The U.S. 10-year Treasury yield hit its highest level since 2002 on Thursday.
    • The 30-year Treasury yield hit 5.613 percent intraday, rising for six straight days.
    • The benchmark 10-year Treasury yield was last seen 4 basis points higher at 5.3338 percent, according to LSEG data.
    • Treasury yields declined on Wednesday following the release of lighter-than-expected U.S. inflation data.

    Still unconfirmed

    • The 10-year Treasury yield rose as high as 5.342 percent, surpassing its 2007 peak.

    What to watch next

    • Further monthly U.S. inflation and economic data releases
    • Decisions and policy signals from the Federal Reserve regarding interest rates
    • Movements in federal budget deficit projections and their impact on bond supply
    Sources used for this update (15)
    1. en.asiatoday.co.kr — U.S. 30-year Treasury yield hits 5.613% intraday, highest since 2002 as bond selloff spreads - ASIATODAY
    2. www.cnbc.com — U.S. Treasurys pressure eases after 30-year yield hits post-2002 high
    3. Bloomberg.com — Ten Reasons Investors Are Driving Government Bond Yields Higher
    4. Reuters — Bonds teeter after US Treasuries' worst quarter since 1994
    5. www.cnbc.com — 10-year Treasury yield hits highest level since 2002 - CNBC
    6. cnbc.com — 10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace
    7. CNN — Bond market bust: The 10-year Treasury yield hit its highest level since 2002
    8. Honolulu Star-Advertiser — Wall Street dips as rising Treasury yields outweigh software gains
    9. Reuters — 10 year US Treasury yield hits highest since 2002
    10. Yahoo Finance — 10-year Treasury yield posts biggest monthly gain since 2022: Chart of the Day
    11. ca.marketscreener.com — Yields fall after US 10-year hits highest since 2002; US stocks inch up | MarketScreener Canada
    12. www.foxbusiness.com — 10-year Treasury yield hits 2002 high, raising mortgage and ...
    confidence 95%
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