Morning Edition · Mon 12 Oct 2026
Treasury Yields Hold Near 5.25% After Pulling Back From 24-Year Highs
The 10-year Treasury yield ended last week near 5.25%, below the 24-year high it hit days earlier, after well-received 10-year and 30-year auctions, CNBC and Quartz reported.
Chanan Zevin - Chief Editor and Head of Desks
Published
Where yields closed the week
The 10-year Treasury yield rose just over 1 basis point to 5.248% on Friday, while the 30-year yield slipped to 5.602% and the 2-year yield climbed more than 4 basis points to 4.797%, Quartz reported on Yahoo Finance. CNBC put the 10-year at 5.244%, the 30-year at 5.60% and the 2-year at 4.789% late in the session.
Both longer-dated yields hit their highest levels since 2002 earlier in the week, CNBC said. According to Quartz, the 10-year and 30-year reached 24-year highs of 5.365% and 5.733%, and both were heading for modest weekly losses by Friday.
Auctions find buyers
The Treasury sold $39 billion in 10-year notes on Wednesday and $22 billion in 30-year bonds on Thursday, CNBC reported. Indirect bidders, a group that includes central banks, took about 72% of the 30-year sale, above an average of 68%.
ING strategist Padhraic Garvey, quoted by Quartz, pointed to the strong demand at the auctions as a sign that buyers return when yields climb.
The Fed and inflation in focus
Fed Governor Christopher Waller suggested that more rate hikes may be needed to tackle inflation, though not necessarily immediately, CNBC reported. Quartz said money markets were pricing three rate increases over the next 12 months.
Investors are watching September consumer price data due Wednesday, one of the last major inflation readings before the Fed’s next policy meeting and after September payrolls rose by just 29,000, Quartz reported.