U.S. 10-Year Treasury Yield Hits 5%

By Paulo Trevisani and Emese Bartha

The 10-year U.S. Treasury yield hit the key 5% mark for the first time since October 2023 on Monday. The benchmark rose to 5.004%, Tradeweb data showed.

Treasury yields have increased significantly since early September as rising oil prices due to the escalating conflict in the Middle East sparked worries about the potential for a prolonged period of inflation.

This has increased the prospect of the U.S. Federal Reserve raising interest rates at its meeting on Sept. 16, particularly given recent strong U.S. inflation and jobs data.

U.S. money markets priced an 89% probability of the Fed raising rates by 25 basis points this week, LSEG data showed.

The recent rise in Treasury yields mirrors a global trend that has lifted developed-market bond yields to multiyear highs due to inflation concerns and high levels of supply of debt from both governments and companies.

Huge borrowing related to AI infrastructure projects is providing extra competition for governments seeking to raise money.

The last time the 10-year Treasury yield settled above 5% was on July 19, 2007, when it closed at 5.028%. The last time it had reached an intraday high above 5% was on October 23, 2023, when it peaked at 5.005%.

Write to Paulo Trevisani at paulo.trevisani@wsj.com, and Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

September 14, 2026 10:49 ET (14:49 GMT)