Business · Markets · 1 hr ago
Strong demand at US Treasury auction follows 24-year high yields
US Treasury bond yields rose to their highest levels since 2002, as a global sell-off in government bonds gathered pace.
The 10-year yield reached 5.36%, and the 30-year yield hit 5.73%.
The US Treasury then sold $39 billion in 10-year notes, attracting $108 billion in bids and helping yields pull back.
The auction yield was 5.3%, the highest for a US 10-year bond sale since November 2000.
Central banks and other indirect bidders bought a larger-than-usual share, while dealers bought less than usual.
The rise in borrowing costs comes as governments face pressure to control growing debt, and borrowing by AI companies may add further pressure to bond yields.
IMF chief Kristalina Georgieva said government bond yields around the world would remain under pressure, but no specific next steps were announced.
Yields on key US Treasury bonds reached their highest levels since 2002 during a global bond sell-off.
The US Treasury auctioned $39 billion in 10-year notes, drawing $108 billion in demand.
The auction yield was 5.3%, the highest for a US 10-year debt sale since November 2000.
Yields pulled back later in the day after the auction.
BMO described the sale as strong, citing higher-than-average bidding from non-dealers.
- Who
- The US Treasury sold the notes to investors.
- What
- The Treasury auctioned $39 billion in 10-year notes, drawing $108 billion in demand.
- When
- Wednesday; the article is dated October 12, 2026.
- Where
- The United States.
- Why
- The article links the bond yield highs to a global bond sell-off. It does not state a specific reason for the strong auction demand.
This story does not have two clearly opposing sides.
strong
Policymakers had a relatively easy ride over the last 17 years, as for all that time interest rates were stuck below GDP growth rates
Higher interest rates now put an end to that
Yields on 10-year and 30-year Treasury bonds reached their highest levels since 2002.
The Treasury auctioned $39 billion in 10-year notes, and yields pulled back later in the day.
- 10-year notes auctioned
- $39 billion
- Demand for notes
- $108 billion
- Auction yield
- 5.3%
- Indirect bidders' share
- 80.3%
- 30-year Treasury yield peak
- 5.73%
Sources
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