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BusinessActive · 17h

10-Year Treasury Yield Hits 19-Year High as Inflation Concerns Fuel Rate-Hike Bets

Bond yields surge to 5.1% on strong economic data and expectations the Fed will continue tightening policy to combat persistent inflation.

What to know

  • The 10-year Treasury yield surged to 5.1% and the 5-year yield broke above 5% — both highest levels in nearly two decades — as strong US business data and rising energy costs intensified inflation concerns.
  • Market expectations for Fed rate hikes shifted sharply, with odds for an October rate increase jumping to 71% from 55% a day earlier; traders now project four additional hikes over the next 12 months.
  • Rising yields push up borrowing costs for mortgages, auto loans, and business lending across the economy, while stock markets fell as investors recalibrated to higher-for-longer interest rates.

“The 10-year Treasury yield on Wednesday rose to around 5.1 percent, as investors grew more convinced the Fed Reserve will raise interest rates again.”

Joe Rennison, NYT Business reporter · New York Times ↗ · Sep 22

Federal Reserve Central bank setting monetary policyVail Hartman US rates strategist at BMO Capital MarketsChip Hughey Managing director for fixed income at Truist Advisory Services

10-Year Treasury Yield Hits 19-Year High as Inflation Concerns Fuel Rate-Hike Bets
finance.yahoo.com

How it unfolded 1 development · click the chart to see its coverage articlesposts

Peak 5 pieces in one half hour at Yesterday, 3 PM; 34 pieces over 18 hours (18 articles · 12 posts · 4 comments) Yesterday, 9:58 AM — quietYesterday, 10:28 AM — 2 pieces · 2 articles — Newswires 2Yesterday, 10:58 AM — 1 piece · 1 article — Newswires 1Yesterday, 11:28 AM — 1 piece · 1 article — Newswires 1Yesterday, 11:58 AM — quietYesterday, 12:28 PM — 2 pieces · 2 posts — Mastodon 1, X 1Yesterday, 12:58 PM — 3 pieces · 3 articles — Newswires 3Yesterday, 1:28 PM — 1 piece · 1 post — Reddit 1Yesterday, 1:58 PM — 2 pieces · 2 articles — Google News 2Yesterday, 2:28 PM — 2 pieces · 2 posts — Mastodon 2Yesterday, 2:58 PM — 3 pieces · 2 articles · 1 post — Newswires 2, Mastodon 1Yesterday, 3:28 PM — 3 pieces · 2 articles · 1 post — Google News 2, Mastodon 1Yesterday, 3:58 PM — 5 pieces · 1 article · 4 comments — Reddit 4, Newswires 1Yesterday, 4:28 PM — 1 piece · 1 article — Google News 1Yesterday, 4:58 PM — quietYesterday, 5:28 PM — 1 piece · 1 post — X 1Yesterday, 5:58 PM — quietYesterday, 6:28 PM — 2 pieces · 2 articles — Google News 1, Newswires 1Yesterday, 6:58 PM — quietYesterday, 7:28 PM — 1 piece · 1 post — Mastodon 1Yesterday, 7:58 PM — 2 pieces · 2 posts — Bluesky 1, Mastodon 1Yesterday, 8:28 PM — quietYesterday, 8:58 PM — quietYesterday, 9:28 PM — quietYesterday, 9:58 PM — quietYesterday, 10:28 PM — quietYesterday, 10:58 PM — quietYesterday, 11:28 PM — 1 piece · 1 post — Mastodon 1Yesterday, 11:58 PM — quietToday, 12:28 AM — quietToday, 12:58 AM — quietToday, 1:28 AM — quietToday, 1:58 AM — quietToday, 2:28 AM — quietToday, 2:58 AM — 1 piece · 1 article — Newswires 1Today, 3:28 AM — quiet 1
12 PM4 PM8 PMtodaynow · 3:58 AM ET
  1. 1

    Broader yield curve climbs; stocks fall on bond surge and oil

    Bond yields jumped across the entire curve. The 30-year yield surged 12 basis points to 5.41%, and the 2-year yield hit 4.91%, its highest since 2024. Stock markets declined, with the S&P 500 falling 0.65% and the Nasdaq Composite dropping 1.1%.

    “Today has been a perfect storm fueling the surge in bond yields across the curve.”
    — Chip Hughey, managing director for fixed income at Truist Advisory Services
    1. first by Bloomberg Markets, 14h ago · also Seeking Alpha, Reuters, Channel News Asia, Investing.com News, Yahoo Finance, The Hill

      5 more headlines
    2. first by WSJ Markets, 11h ago

    • BREAKING: The U.S. 10-year Treasury yield hits 5.081%, its highest level since July 17, 2007.

      @unusual_whalesX15h ago67▲view on X ↗
    2 more of the top 3 · 13 posts in this stretch
    • GeoWire@mastodon.social

      🟠 UPDATE Investor Concerns Over 6% US Treasury Yields The 10-year Treasury yield reached 5.1%, its highest level in nearly two decades (19 years). This surge, driven by strong business activity and intensifying inflation concerns, involved a 17 basis point increase. 📰 https:// abc17news.com/money/cnn-busine…

      GeoWire@mastodon.socialMastodon13h ago3▲view on Mastodon ↗
    • Once Iran has nuclear weapons any future invasion to stop them closing the strait of Hormuz becomes impossible without the possibility of nuclear consequences. You would enable Iran to close the strait whenever the world refuses to give them what they want, and a guaranteed threat of escalation. Will Americans tolerate the world economy being held…

      TheContrariatr/Economics11h agoview on r/Economics ↗
    all of them →
  2. background

    Fed rate-hike odds jump as markets price in additional tightening — Market expectations shifted sharply toward additional Fed rate increases. Odds for a Fed rate hike in October rose to 71% from 55% a day earlier, according to the CME FedWatch tool. Market participants now project four additional rate hikes over the next 12 months.

  3. background

    10-year Treasury yield reaches 5.1%, highest in 19 years — The benchmark 10-year Treasury yield surged 17 basis points to 5.12%, reclaiming its highest level since 2007. The 5-year yield also broke above 5% for the first time since 2007, reaching 5.03% with a 20 basis point jump.

  4. background

    Strong US business data and oil surge drive bond yields higher — S&P Global reported that US manufacturing and services activity accelerated to the fastest rate since July 2021 in September, while energy prices spiked. Oil prices rebounded, with Brent crude rising above $102 per barrel after a five-day decline.

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Yahoo Finance, 17h ago · also Breitbart, CNBC

    3 more headlines
  2. first by NYT, 12h ago · also NYT Business

and 1 smaller piece

What people are saying 10 voices from 4 sites · best of 13 · verbatim