US Treasury yields hit highest levels since 2002 amid bond selloff

United States Treasury yields climbed to their highest levels since 2002 on Monday, October 5, 2026, as a bond market selloff deepened. MPA Magazine, CNBC, and Finimize reported that the benchmark 10-year Treasury yield reached a fresh 2002 high. According to MPA Magazine, the 10-year yield rose 7 basis points to 5.347 percent, marking its highest point since April 3, 2002. [1][3][4]

Longer term debt also experienced significant increases. MPA Magazine, Breakingthenews.net, and AD HOC NEWS reported that the 30-year Treasury yield touched multi-decade highs. MPA Magazine noted that the 30-year bond yield climbed to 5.702 percent, a level not recorded since May 2002. [1][5][6]

The surge in yields directly impacts mortgage lending across the United States. MPA Magazine reported that the 10-year Treasury yield serves as the primary benchmark that lenders use to price home loans. Jay Hatfield, founder of Infrastructure Capital Advisors, described the market movement as a momentum selloff. [1]

A basis point is equal to 0.01 percent. Bonds with shorter maturities generally provide lower yields than longer term bonds, making an inverted yield curve an unusual financial phenomenon. [1][7]