Updated Sept. 15, 2026 3:48 pm ET
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1546 ET – Treasury yields settle at new multi-year highs as markets price a Fed hike while facing an uncertain long-term outlook. Inflation expectations hover around 2.5%, as measured by one-year swap rates, according to LSEG, higher than the Fed’s 2% target. That’s up from below-target expectations in early August. A 20-year Treasury auction clears at the highest yield since 1986, shortly before the tenor was discontinued, and since it was reintroduced in 2020. Demand indicators in the sale come on the soft side. The 10-year yield rises 0.035 percentage point to 4.995%, the highest since July 2007. The two-year adds 0.028 points to 4.661%, highest since July 2024. (paulo.trevisaniwsj.com; ptrevisani)
1430 ET – Treasury yields tick higher as investors demand steeper returns to lend money to Washington long-term. A 20-year Treasury bond auction clears at a yield of 5.42%, the highest since 1986, when the tenor was discontinued, and since it was reintroduced in 2020. Still, demand indicators were on the soft side: the 2.57 bid-to-cover ratio was below the previous six-month average of 2.65, while indirect bidders, a group that includes foreign investors, took 52.5% of the bonds, also below average. The 20-year trades at 5.414%, up from 5.401% before the auction, while the 10-year rises to 5.014% from 4.996%. (paulo.trevisaniwsj.com; ptrevisani)
#treasury #highest #below #yield
Listen
(3 min)
1546 ET – Treasury yields settle at new multi-year highs as markets price a Fed hike while facing an uncertain long-term outlook. Inflation expectations hover around 2.5%, as measured by one-year swap rates, according to LSEG, higher than the Fed’s 2% target. That’s up from below-target expectations in early August. A 20-year Treasury auction clears at the highest yield since 1986, shortly before the tenor was discontinued, and since it was reintroduced in 2020. Demand indicators in the sale come on the soft side. The 10-year yield rises 0.035 percentage point to 4.995%, the highest since July 2007. The two-year adds 0.028 points to 4.661%, highest since July 2024. (paulo.trevisaniwsj.com; ptrevisani)
1430 ET – Treasury yields tick higher as investors demand steeper returns to lend money to Washington long-term. A 20-year Treasury bond auction clears at a yield of 5.42%, the highest since 1986, when the tenor was discontinued, and since it was reintroduced in 2020. Still, demand indicators were on the soft side: the 2.57 bid-to-cover ratio was below the previous six-month average of 2.65, while indirect bidders, a group that includes foreign investors, took 52.5% of the bonds, also below average. The 20-year trades at 5.414%, up from 5.401% before the auction, while the 10-year rises to 5.014% from 4.996%. (paulo.trevisaniwsj.com; ptrevisani)
#treasury #highest #below #yield
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