10-year Treasury yield climbs back above 5%
The move builds on a two-day rise across the curve, with the 2-year and 30-year both near multi-year highs.
Published
Chart: IEF, seven to ten year Treasuries, which move opposite to yields, one-minute prices, three sessions
The 10-year Treasury yield is up 5.81 basis points on the day, trading at 5.025%.
The move follows a climb on Tuesday, when the 10-year rose about 3 basis points to 4.98% as hawkish Federal Reserve comments strengthened expectations for further rate hikes, according to Trading Economics. At Monday's close, the 2-year yielded 4.76% and the 30-year 5.29%, with the 10-year at 4.96%, according to StreetStats.
The 10-year moving through 5% and back above it fits the recent trend of rising yields across the curve, with the 2-year near its January 2025 high and the 30-year at its highest since 2007. That points to broad upward pressure on rates rather than a fresh shift in direction, and would only turn into something more significant if yields break decisively above current resistance or foreign demand patterns change.