US Treasury yields surge to highest levels since 2007
On September 23, 2026, U.S. Treasury yields rose sharply across maturities, with the 10-year yield climbing to 5.13% and the five-year yield exceeding 5% for the first time since 2007 amid weak bond auction demand and higher oil prices.
U.S. Treasury yields jumped across the curve on September 23, 2026, reaching their highest levels in nearly two decades. The benchmark 10-year Treasury yield rose between 15 and 18 basis points on the session, climbing from earlier marks of 5.04% to as high as 5.13%, its highest level since July 2007. Market commentators and Wall Street Journal reporting noted the move was the largest single-day surge in the 10-year yield since April 2025. Concurrently, the five-year Treasury yield surpassed 5% for the first time since 2007, while the 30-year yield touched 5.4131%, tracking near its highest levels since 2004 to 2007.[1][2][3][6][7][8][9][10][11][12][14][16][17][18][20]
The bond selloff deepened following positive U.S. economic data, climbing oil prices, and soft demand at a $70 billion five-year Treasury note auction. The auction cleared at 5.033%, more than 3 basis points above pre-auction expectations, representing the second-weakest result in data going back to 2018. Coin Bureau attributed part of the surge to Federal Reserve Governor Michael Barr signaling that further rate hikes remain necessary. The selloff extended globally, with 10-year sovereign yields in France and Germany reaching their highest marks since 2008 and 2009, respectively.[4][5][14][15][16]
Rising yields exerted downward pressure on risk assets throughout the trading day. The Nasdaq Composite fell 1.15%, while the S&P 500 slipped between 0.7% and 0.8%. In digital asset markets, Bitcoin declined 2.2% over a 24-hour period to trade near $84,400, while crypto-exposed equities including MicroStrategy and Coinbase also finished lower. Rate swap markets responded to the moves by fully pricing in three additional 25-basis-point Fed rate hikes over the next year.[10][13][16]
Key facts
- The U.S. 10-year Treasury yield rose between 15 and 18 basis points on September 23, 2026, reaching 5.13%, its highest level since July 2007.
- The one-day jump in the 10-year Treasury yield was reported as the largest in a single session in 17 months, dating back to April 2025.
- The U.S. five-year Treasury yield surpassed 5% for the first time since 2007, clearing at 5.033% in a $70 billion note auction that came in over 3 basis points above expectations.
- The 30-year Treasury yield climbed above 5.35% and briefly touched 5.4131%, tracking near its highest levels since 2004 to 2007.
- Sources attributed the Treasury selloff to stronger-than-expected economic data, rising oil prices, weak auction demand, and comments from Fed Governor Michael Barr signaling the need for further rate increases.
- European 10-year sovereign bond yields also reached multi-year highs, with France reaching its highest since 2008 and Germany its highest since 2009.
- U.S. equities fell alongside bonds, with the Nasdaq closing down 1.15% and the S&P 500 falling 0.7% to 0.8%, while Bitcoin declined 2.2% to near $84,400.
Sources · 14 sources
- WM
WSJ Markets@WSJmarketsPost on X ·
The 10-year Treasury yield jumped by the most in a single session since President Trump’s ‘Liberation Day’ tariff rollout rattled markets in April 2025. https://t.co/a7G4WweOhn
Open source - BM
Brew Markets@brewmarketsPost on X ·
The 10-year Treasury yield just hit its highest level in 19 years. https://t.co/xaQipIi2Hp
Open source - EV
Evan@StockMKTNewzPost on X ·
US FIVE-YEAR YIELDS EXCEED 5% FOR FIRST TIME SINCE 2007 - Bloomberg https://t.co/5uyIJbtxUG
Open source - BL
Bloomberg@businessPost on X ·
The losses in the US Treasuries market intensified on Wednesday as positive economic data and a weak debt auction drove yields to the highest levels in almost two decades. https://t.co/RlmnSGXnkb
Open source - HE
Hedgeye@HedgeyePost on X ·
🇺🇸 U.S. 10-year yield hits highest since 2007 🇫🇷 France 10-year yield hits highest since 2008 🇩🇪 Germany 10-year yield hits highest since 2009 🇮🇹 Italy 10-year yield hits highest since 2023 🇪🇸 Spain 10-year yield hits highest since 2023 The global bond market is on fire.
Open source - TK
The Kobeissi Letter@KobeissiLetterPost on X ·
Today marked the largest single-day gain in the 10Y Note Yield in 17 months, rising +15 basis points. The last time we saw a move of this magnitude? In April 2025, on “Liberation Day.” This time, however, nothing notable happened today. This is just another day in the 2026 bond market. Next, the market is pricing-in another 25 basis point Fed rate hike in October. If the Fed is actually going to raise rates again in October, they should have hiked by 50 basis points on September 16th. Keep in mind, just 9 months ago, markets thought the Fed would be on its third rate cut of 2026 by now. It’s truly incredible how fast things can change in today’s markets.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🇺🇸BREAKING: U.S. 10Y Treasury yield hits 5.081%, its HIGHEST level since July 2007. Yields initially fell from 4.7% to 4.58% after Scott Bessent said Treasury would increase bond purchases. They have since surged back above 5%. The 30-year yield has also climbed to 5.35%, matching 2007 levels. Could the 10-year yield reach 6% next? - Across Fed tightening cycles since 1963, yields rose an average of 50 basis points in the first six months after the first hike, reaching +110 over the following 12 months. - A similar rise from current levels would push yields above 6% for the first time since August 2000. But first-year moves ranged from -70 to +400 basis points. The relief was short-lived. Borrowing costs are climbing again, and further Treasury intervention could follow.
Open source - UW
unusual_whales@unusual_whalesPost on X ·
BREAKING: 30-year Treasury yield hits 5.367%, on track for its highest settlement since June 2004.
Open source - UW
unusual_whales@unusual_whalesPost on X ·
BREAKING: The U.S. 10-year Treasury yield hits 5.081%, its highest level since July 17, 2007.
Open source - SB
Shay Boloor@StockSavvyShayPost on X ·
Stocks are getting hit today as the U.S. 10-year hits 5.04% which is its highest level since 2007. https://t.co/dXF5Eqcimq
Open source - JW
Joe Weisenthal@TheStalwartPost on X ·
30-year yield briefly went over 5.4% (5.4131 to be exact). https://t.co/vm7cBV5KEg
Open source - BL
Bloomberg@businessPost on X ·
The yield on five-year US Treasuries rose above 5% for the first time in almost two decades. https://t.co/ODobhcc7Uy
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
📉NEW: US markets close lower as Treasury yields surge, with the Nasdaq down 1.15% and the S&P 500 falling 0.7%. bitcoin:native trades near $84,400, down 2.2% over the past 24 hours, while $MSTR, $COIN and $CRCL also finish lower.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🇺🇸BREAKING: The US 10-year Treasury yield hits 5.13%, its highest level since July 2007. The yield jumped as much as 18 basis points today after Fed Governor Michael Barr signaled more rate hikes are needed. The 10-year is the benchmark for mortgages, car loans and credit cards, and the average 30-year mortgage is now above 7%. The last time yields were this high, the Nasdaq peaked three months later and then fell 56% by March 2009.
Open source - WM
WSJ Markets@WSJmarketsPost on X ·
Gold Muted as Oil, Treasury Yields Resume Climb https://t.co/txkqgfpbTy
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
US Treasury Yields Surge to Highest Since 2007 as Bond Selloff Deepens US Treasury yields surged on Wednesday as stronger-than-expected US economic data, higher oil prices and weak demand at a $70 billion five-year note auction intensified the bond selloff, Bloomberg reported. The five-year yield rose above 5% for the first time since 2007, while the 10-year yield climbed nearly 17 basis points to 5.13% and the 30-year yield reached about 5.4%, both near their highest levels since 2007. The five-year auction cleared at 5.033%, more than 3 basis points above the expected level and the second-weakest result in data going back to 2018. Rate swaps now fully price in three additional 25-basis-point Fed hikes over the next year, with significant hedging for a fourth. The selloff also weighed on equities, with the S&P 500 falling 0.8%.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
📈NEW: US Treasury yields surge across the curve, with the 1-year at a 25-month high, 2-year at a 28-month high and 5-year, 10-year and 30-year yields at 19-year highs. https://t.co/hSGNh6fBi5
Open source - TK
The Kobeissi Letter@KobeissiLetterPost on X ·
The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%. This is no longer an issue that we have months or years to address. This is unsustainable. https://t.co/mXAa6SqAeA
Open source - PM
Polymarket Money@PolymarketMoneyPost on X ·
BREAKING: U.S. 5-year Treasury yields crosses 5% for the first time since 2007.
Open source - AL
Adam Livingston@AdamBLivPost on X ·
🚨 The 10-year Treasury yield just hit 5.122%, up 15.5bp today. Highest since July 2007. Back when the iPhone was 2 weeks old. Oct 2025 low: 3.97% Today: 5.12% That's +115bp in 11 months, and today is on pace for the biggest one-day jump since the day after the 2024 election. https://t.co/p2AltEO2yq
Open source