Other benchmarks also saw price drops, with the 10 year Treasury reaching its highest level since 2007 at 5.31%. This surge in long term borrowing costs pushed mortgage rates back above 7% as investors sold off Treasuries following the shift in factory pricing data.
Tuesday, October 20, 2026
Story
Factory Price Jump Pushes US Treasury Yields to 2002 High
US Markets20 days ago
A broad retreat from government debt intensified on Thursday, driving the 30 year maturity to an intraday peak of 5.672%. This level represents the highest yield for the bond since 2002 and was triggered by a jump in ISM factory prices and a deepening global bond sell-off. The security saw its yield rise 3.3 bps during the volatility before retracing to close the session at 5.64%.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.