U.S. Bond Yields Hit Highest Level Since 2002

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1. 55m ago

   U.S. Bond Yields Hit Highest Level Since 2002

   U.S. Treasury yields surged to their highest levels since 2002 amid a deep global bond sell-off before slipping as investors returned to the market. The 30-year Treasury yield hit 5.613% intraday, rising for six straight days. The 10-year Treasury yield also touched a 24-year high, reaching 5.3338% according to LSEG data, and 5.34% in other reports. The market rout pushed U.S. Treasuries to their worst quarter since 1994, intensifying pressure on consumer debt, mortgages, credit cards, auto loans, and federal borrowing costs.

   Why it matters

   The historic climb in government bond yields reflects mounting pressure from federal budget deficits and a severe global bond rout. Washington borrowing costs are spiraling upward despite softer inflation data and a weak jobs report that would typically drive yields down. As interest expenses consume a growing share of disposable income, the surging yields challenge equity market dominance and increase financial stress across consumer and corporate debt markets.

   What is confirmed

   • The 30-year Treasury yield hit 5.613% intraday, rising for six straight days to reach its highest level since 2002.
   • The 10-year Treasury yield reached its highest level since 2002 during a global bond sell-off.
   • U.S. Treasuries suffered their worst quarter since 1994.
   • Bond yields fell as investors returned to the market and buyers stepped in after a Federal Reserve official suggested the central bank may be patient before hiking rates again.

   Still unconfirmed

   • Ten specific reasons are driving government bond yields higher, including market pressure from federal budget deficits.

   What to watch next

   • Further statements from Federal Reserve officials regarding interest rate timelines
   • Upcoming economic data releases concerning inflation and employment
   • Movements in mortgage and consumer loan rates responding to Treasury yield shifts
   Sources used for this update (15)

   1. WSJ — Stock Market Today: Treasury Yields Slip, Giving Investors Some Reprieve — Live Updates
   2. en.asiatoday.co.kr — U.S. 30-year Treasury yield hits 5.613% intraday, highest since 2002 as bond selloff spreads - ASIATODAY
   3. Investopedia — Markets News, Sept. 30, 2026: S&P 500, Nasdaq End Q3 With Gains; Inflation Data Comes in Softer Than Expected; US 10-Year Treasury Yield Hits 24-Year High
   4. Bloomberg.com — Ten Reasons Investors Are Driving Government Bond Yields Higher
   5. Reuters — Bonds teeter after US Treasuries' worst quarter since 1994
   6. www.cnbc.com — 10-year Treasury yield hits highest level since 2002 - CNBC
   7. CNN — Bond market bust: The 10-year Treasury yield hit its highest level since 2002
   8. The New York Times — U.S. Bond Yields Hit Highest Level Since 2002
   9. CNN — Bond market bust: A key rate just blew through another decades-old record
   10. ca.marketscreener.com — Yields fall after US 10-year hits highest since 2002; US stocks inch up | MarketScreener Canada
   11. www.foxbusiness.com — 10-year Treasury yield hits 2002 high, raising mortgage and ...
   12. 247wallst.com — Global Bond Selloff Pushes U.S. Treasury Yields to 24-Year ...
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