U.S. 10-year Treasury yield reportedly tops 5%, reaching its highest level since 2007

Semafor reported on September 24, 2026, that U.S. Treasury yields reached their highest level since 2007, with the 10-year above 5%. CNBC reported that the 30-year fixed mortgage rate jumped to 7.45%, its highest since April 2024.

Bloomberg says the yield surge threatens to push up borrowing costs for mortgages, car loans and credit cards. It also reports that Cleveland Fed President Beth Hammack attributed higher long-term yields to a stronger growth outlook, government-debt concerns and expectations for further Fed rate increases.

CNBC's September 26 coverage also points to sticky inflation, heavy bond issuance and an AI-fueled investment boom as drivers of the 10-year yield's rise.