The resumption of the Treasury market decline follows a spike in oil prices, which raised concerns about accelerating inflation and potential interest rate hikes by central banks. Economist Steve Hanke attributed the surge in borrowing costs to geopolitical instability, specifically citing U.S. military conflicts regarding Iran.
Wednesday, October 21, 2026
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US 30 Year Treasury Yield Hits 5.73% to Force Stock Selloff
US Markets13 days ago
U.S. equity markets retreated Tuesday as borrowing costs climbed to their highest points since the early 2000s. The 10 year Treasury yield reached 5.36%, and the 30 year yield rose further to 5.73%, a level not seen in more than 24 years. This volatility extended to Europe, where government bonds in France, Italy and the UK also came under pressure as the sovereign debt selloff broadened.
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