US 10-Year Treasury Yield Exceeds 5% Amid Global Bond Sell-Off

By EC Assets · Published 15 September 2026

A global sell-off in government bonds has pushed the benchmark 10-year US Treasury yield past the 5% threshold. This movement marks the yield's highest level since October 2023. Benchmark US borrowing costs rose early Tuesday, reaching a near 20-month peak. The 10-year US Treasury yield briefly touched 5.011% on Monday before it retreated. Bond yields move inversely to bond prices. This global bond sell-off is deepening. Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level. This occurs ahead of US inflation data. The inflation data stands to determine expectations for a Federal Reserve interest-rate hike next week. Australia’s benchmark sovereign bond yield rose to its highest level in 15 years. This increase occurred as a global sell-off deepened. Traders increased bets that the Reserve Bank may need to hike interest rates again. European bonds headed for their worst weekly sell-off since March. Eurozone government bond prices recovered modestly on Friday. The global debt market faced its worst weekly performance since the start of the Iran war. Surging energy prices battered the market. This article is intended for informational purposes only. It does not constitute investment advice.