ST. LOUIS, MO – September 30, 2026 (STL.News) The U.S. bond market is sending an economic warning that deserves attention, but it is not yet delivering a definitive recession signal. The benchmark 10-year U.S. Treasury yield climbed to 5.293% on Tuesday, Sept. 29, its highest level since June 2007, while the 30-year Treasury yield reached 5.6206%, its highest since June 2002. Treasury yields retreated somewhat Wednesday morning, with the 10-year around 5.21% in early European trading, but borrowing costs remain at levels rarely experienced in the United States during the past two decades. The obvious historical comparison is uncomfortable.
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