The rally comes as markets digest hot consumer and wholesale price indices, including a 1.3% jump in wholesale prices that would typically drive yields higher. During the period of volatility, the iShares 20+ Year Treasury Bond ETF gained almost 2% in one day, its largest increase since November 2024, while the S&P 500 dropped 1.11%. Market participants now await remarks from Fed Chair Kevin Warsh for signals on whether the central bank will continue raising rates before the end of the year.
Wednesday, October 21, 2026
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Treasuries Post Best Weekly Gain Since February After AI Selloff
US Markets5 days ago
The US 10-year Treasury yield fell 13 basis points to 5.06% on Friday, marking the benchmark's lowest level since September 23. Investors shifted capital into government debt following a global selloff in chip and artificial intelligence stocks, which outweighed recent economic data showing higher than expected inflation. This flight to safety has positioned government bonds for their strongest weekly performance since February.
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