U.S 10-year yield climbs for 6 straight week as bond rout deepens
Over the past week, the U.S. 10-year Treasury yield rose by 17.1 basis points to 5.167%, marking a level not seen since June 2007. This surge was fueled by rising oil prices, hawkish Federal Reserve rate expectations, and concerns over companies issuing vast amounts of debt to fund AI infrastructure projects. The 30-year yield also jumped 16.5 basis points to 5.492%, its highest point since June 2004.
The shorter-term 2-year yield climbed 12.1 basis points to 4.864%. The 30-year note experienced the most significant yield increase this week since May 2026. As fixed-income traders approach a potential 6% pain threshold for the 10-year note, institutional investors scramble to absorb the rising yields fueled by resilient U.S. economic data and companies' mounting debt for AI infrastructure.
While the Federal Reserve continues its tightening campaign, Fed officials warn that further rate increases may be necessary to combat persistent inflation.
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