Markets
Ten-Year Yield Reaches 5.297%, a 24-Year High, as October Trading Opens
Long rates kept climbing even after a cooler inflation print, leaving the first session of the fourth quarter to open against the highest 10-year yield since 2002.
ME
By Marcus Elrod
Oct 3, 2026 · 2 min read
The bond market set the tone for the first trading day of October. The 10-year Treasury yield reached 5.297% during Wednesday's session, a level market data providers describe as the highest in roughly 24 years, and the 30-year climbed to about 5.65%. Long rates have ground higher for weeks even as the Federal Reserve's preferred inflation gauge cooled.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.