US Treasury yields surge, 10-year hits 5% for first time since 2007; Bessent blames "global issues"

US Treasury yields rose sharply across maturities on September 14, 2026, with the 10-year yield hitting 5% for the first time since 2007 and the 5-year surpassing 5% for the first time since 2023. The 2-year yield rose above 4.65% and short-term bill auction yields also increased, while Fed pricing for the year ahead stood at 98.8 bps. Treasury Secretary Scott Bessent is blaming "global issues" for the climb in bond yields. The move is weighing on housing: 30-year mortgage rates are back above 7%, near their highest in almost two years, homebuilder confidence fell to 32, the weakest since late 2022, with 38% of builders cutting prices and 66% offering buyer incentives, and housing inventory is at a 7-year high.

Detected & updated continuously · Source: Nebula