10-Year Treasury Yield Hits 24-Year High
10-year Treasury yield hit a 24-year high amid a global bond rout; BEA's revised Q2 GDP and the Oct. 2 jobs report refocused traders on rates.
KEY TAKEAWAYS
- 10-year Treasury yield reached 5.3%, its highest level since May 2002.
- 30-year Treasury yield rose to 5.7%, also near a 24-year peak.
- BEA revised second-quarter GDP to 2.2%, refocusing traders ahead of the Oct. 2 jobs report.
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The 10-year Treasury yield climbed to a 24-year high on Oct. 1, 2026, as a global bond-market selloff intensified. Traders weighed the Bureau of Economic Analysis’s Sept. 30 upward revision to second-quarter GDP and the scheduled Oct. 2 employment report.
Yields Surge Amid Global Bond Rout
The 10-year U.S. Treasury yield reached 5.310%, its highest level since May 2002, according to a Dow Jones market update citing Tradeweb. The 30-year Treasury yield rose to 5.653%, also near a 24-year peak. The 10-year yield surpassed the roughly 5.303% level seen in 2007. Market reports described the move as part of a broader global bond rout that pushed sovereign and benchmark yields higher.
GDP Revision and Upcoming Jobs Report
The Bureau of Economic Analysis’s third estimate showed real gross domestic product (GDP) grew at a 2.2% annual rate in the second quarter of 2026, a 0.7-percentage-point upward revision from the prior estimate. The agency attributed the revision to higher estimates for investment, consumer spending, and government spending. First-quarter real GDP was revised to a 2.5% annual rate.
Following the GDP revision, the Nasdaq edged higher as market attention shifted to the September employment report scheduled for Oct. 2 at 8:30 a.m. ET. The report is expected to provide fresh signals that could influence Treasury and equity pricing.
