PIMCO told the Financial Times that US 10 year yields risk rising further to 6%, a level not recorded since 2000. The shift comes as investors respond to intensifying geopolitical risks and a broad selloff of sovereign debt across international markets.
Wednesday, October 21, 2026
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US 10 Year Treasury Yield Hits 5.34% for First Time Since 2002
US Markets12 days ago
Government borrowing costs hit multidecade highs across several major economies on Thursday as a wave of bond sales spread globally. The US 10 year Treasury yield climbed to 5.34%, the highest reading since 2002, and Philippines 10 year yields hit a peak not seen since 2018. This market rout, which also pushed costs higher in France, Britain and Japan, was triggered by Trump's conflict with Iran, according to economist Steve Hanke.
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