US Treasury Yields Surge to 19-Month High Amid Inflation Concerns

The US 10-year Treasury note yield has reached a new 19-month high of 4.80%, surpassing levels seen since January 2025.

This increase follows a recent upward trend in long-term government borrowing costs, a key benchmark for mortgage rates.

As the yield rises, it suggests that mortgage rates could soon exceed 7%, increasing borrowing costs for consumers and businesses.

The rise in the 10-year note yield has potential implications for Federal Reserve policy, particularly in the context of upcoming rate decisions.