U.S. Treasury Yields Hit 30‑Year High, Investors Shift

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- U.S. Treasury 10‑year yield rose to 4.57%, its highest in over a year.
- U.S. Treasury 30‑year yield climbed to 5.08%, a level not seen since 2007.
- Traders now expect no Federal Reserve rate cut in 2026 and see a possible rate hike later in the year.
- Kevin Warsh was sworn in as Fed Chair by President Trump, with a mandate to lower rates.
- JoAnne Bianco of BondBloxx recommends investors target the 5‑7‑year Treasury segment and BBB‑rated corporate bonds for better risk‑adjusted returns.
Why it matters: Pension funds and fixed‑income managers must reallocate from long‑dated Treasuries to 5‑7‑year bonds and BBB corporates, as higher yields erode bond prices and the traditional safe‑haven benchmark loses its allure.