US Treasury Yields Hit Multidecade Peaks Amid Inflation Concerns
US Treasury yields surged to multidecade highs on September 28, 2026, driven by concerns over inflation. The benchmark 10-year Treasury yield rose five basis points to 5.25%, its highest level since 2007, while the 30-year Treasury bond yield climbed to 5.57%, a peak unseen since 2004.
The rise in yields was fueled by market expectations of further interest rate hikes from the Federal Reserve, as well as an energy crisis stemming from the war in Iran and expanding US government debt deficits.
Kevin Warsh, Chairman of the Federal Reserve, stated that 'we now have data broadly defined that says the economy has indeed strengthened,' but noted that inflation remains a problem. The central bank recently implemented a quarter-point rate hike to combat persistent inflationary pressures.
Federal Open Market Committee projections indicate that most voting members anticipate at least another quarter-point hike in 2026, with four members projecting a 50-basis-point increase.