Regular Edition · Mon 26 Oct 2026
Bonds
U.S. 10-Year Treasury Yield Slips Below 5% as Investors Retain Safe-Haven Positions
The benchmark 10-year yield traded just under 5% on Monday after last week's sharp drop, as investors waited for Wednesday's Fed decision and a heavy data calendar.
Not investment advice: this article is for information only.
Chanan Zevin - Chief Editor and Head of Desks
Published
Where yields stand
CNBC reported the 10-year Treasury yield at about 4.99% early Monday, the 30-year at 5.31% and the 2-year at 4.7%. Treasury's official par yield curve showed the 10-year at 4.96% on 22 October and 5.00% on 23 October.
Last week's move
Seoul Economic Daily, citing market data, said the 10-year yield fell about 19 basis points to 4.953% on 22 October, its first close below 5% since 23 September and its biggest one-day drop since March 2023. It linked the move to a sell-off in technology shares, doubts about the profitability of AI capital spending, fiscal concerns in France and Middle East tensions.
What comes next
Traders priced an over 90% chance that the Federal Reserve holds its target range at 3.75% to 4% on Wednesday, according to the CME FedWatch Tool as cited by CNBC. Higher oil prices and AI investment remain forces that could push yields back up.
Sources
- CNBC, 'U.S. Treasury yields are little changed as investors look ahead to the Fed's rate decision', 26 October 2026 · cnbc.com
- U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates, October 2026 · home.treasury.gov
- Seoul Economic Daily, 'U.S. 10-Year Yield Falls Below 5% in Biggest Drop in 3 Years and 7 Months', 26 October 2026 · en.sedaily.com