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U.S. 10-year Treasury yield reportedly tops 5.3%, its highest since 2002
One September 30 post said slightly cooler inflation data failed to slow the rise. Another warned that high mortgage rates could squeeze buyers while discouraging owners with cheaper loans from selling.
TLDR
September 30 posts put the U.S. 10-year Treasury yield at 5.304% to 5.306%, its highest since May 2002. One said slightly cooler inflation data did little to ease the bond sell-off. Another argued that 30-year mortgage rates around 7.6% were squeezing buyers, while owners with 3–4% mortgages had little incentive to sell.
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