
#US30YYieldTops5.7%
About US30YYieldTops5.7%
On Oct 5, the 30-year US Treasury yield hit 5.706% intraday, its highest since 2002. The 10-year yield reached 5.349%, also a high since 2002. The Sep ISM services PMI was 54.9, signaling expansion, while its prices index rose from 72.6 to 74.0, the highest since Jul 2022. Treasury Secretary Bessent said rising yields broadly tracked global bond markets, with no clear shift into German or Japanese bonds. Markets remain focused on inflation and long-term rate pressures.
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