# The US 10-year Treasury yield closes at 5.29%, its highest since May 2002 > Treasury's own par yield curve data show the 10-year yield rose 53 basis points between 31 August and 2 October. The 2-year closed at 4.92% on 28 September, the highest since May 2024, and the 30-year at 5.64%. - Canonical URL: https://forextradingcommunity.com/news/us-treasury-yields-10-year-5-29-percent-september-2026/ - Type: Markets - Published: 2026-10-05 - Updated: 2026-10-05 - Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team - Currencies: USD The yield on the 10-year US Treasury note closed at 5.29% on 30 September 2026, its highest close since 14 May 2002, according to the daily par yield curve rates the US Treasury publishes. On 2 October it closed at 5.28%. The figures below come from Treasury's data, not from trading venues, and cover closing levels only. ## How far yields have moved - **10-year**: 4.75% on 31 August, 5.28% on 2 October, up 53 basis points. The 2026 low close was 3.97% at the end of February - **2-year**: 4.34% to 4.83%, up 49 basis points. It closed at 4.92% on 28 September, the highest since 30 May 2024 - **30-year**: 5.25% to 5.63%. Its highest close in this run was 5.64% on 30 September - **Month-end 10-year yields in 2026**: 4.26% in January, 4.30% in March, 4.44% in June, 4.75% in July and August, 5.29% in September The previous peaks in Treasury's series are lower: the highest 10-year close in 2007 was 5.26% on 12 June, and in 2023 it was 4.98% on 19 October. The last close above 5.29% before this September was 5.32% on 14 May 2002. ## The path in September The 10-year closed at 5.01% on the day of the Fed's decision, 16 September, and at 4.94% the day after. The big moves came after: 4.96% on 22 September, 5.11% on 23 September, the day of the flash PMIs when the US composite hit a five-year high ([report](/news/flash-pmi-september-2026-us-eurozone-uk/)), then 5.18% on 24 September, 5.17% on 25 September, 5.24% on 28 September and 5.29% on 30 September. The 10-year closed at 5.24% on 1 October and 5.28% on 2 October, the day payrolls rose only 29,000 ([report](/news/us-jobs-report-september-2026-payrolls/)). ## Why yields are rising The Bank for International Settlements said earlier in September that yields were rising on a tighter expected policy path and a higher term premium, the compensation investors require for holding longer bonds ([report](/news/bis-quarterly-review-september-2026/)). Since then the data have kept inflation in view: PCE inflation was 3.4% in August ([report](/news/us-pce-inflation-august-2026/)) and the ISM manufacturing prices index jumped to 77.9 ([report](/news/ism-pmi-september-2026-prices-77-9-services-54-9/)). The Fed's target range is 3.75%–4.00%, and a 2-year yield at 4.83% sits well above it, which is generally read as a market expecting higher policy rates. ## What it means for currencies Currency traders watch Treasury yields because the gap between US yields and those elsewhere moves exchange rates ([bond yields and exchange rates](/news/bond-yields-and-exchange-rates/)). Higher US yields tend to support the dollar and weigh on gold, which pays no interest ([US Dollar Index explained](/news/us-dollar-index-dxy-explained/)). Live prices: [XAU/USD](/markets/xau-usd/) and [USD/JPY](/markets/usd-jpy/). ## What happens next September's consumer prices are due on 14 October and the Fed decides on 28 October. ## Sources - [U.S. Department of the Treasury: Daily Treasury Par Yield Curve Rates](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026) - [U.S. Department of the Treasury: Treasury interest rate statistics (par yield curve data, 1996–2026)](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics) - [Bank for International Settlements: BIS Quarterly Review, September 2026](https://www.bis.org/publications/qr-202609) ## Common questions ### What is the 10-year Treasury yield now? It closed at 5.28% on 2 October 2026, after closing at 5.29% on 30 September, according to the US Treasury's daily par yield curve rates. ### Is the 10-year Treasury yield at a record? No, but the 5.29% close on 30 September 2026 was the highest since 14 May 2002 in Treasury's data, above the 2007 peak of 5.26% and the 2023 peak of 4.98%. ### How much have Treasury yields risen since August 2026? The 10-year yield rose from 4.75% on 31 August to 5.28% on 2 October, and the 2-year from 4.34% to 4.83%. ### Why are Treasury yields rising? The BIS pointed to a tighter expected policy path and a higher term premium. Recent data on inflation and activity, including PCE inflation of 3.4% and strong PMI surveys, have kept those pressures in view. ### What are par yield curve rates? Yields the Treasury interpolates from closing bid prices of recently auctioned securities, quoted for fixed maturities such as 2, 10 and 30 years. --- This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money.