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30-Year Treasury Hits 5.19% — Highest Since 2007

5/19/2026

Summary

Treasury Yields Surge

The U.S. 30-year Treasury yield rose to 5.19%, the highest since 2007, while the 2-year fell to 4.08% and the 10-year to 4.619%.
Bank of America’s survey found 62% of fund managers expect the 30-year yield to hit 6%, and 20% target 4%.
Ajay Rajadhyaksha, Barclays Plc’s chairman of research, warned debt growth makes bonds unattractive, while Treasury Secretary Scott Bessent pledged to cut borrowing costs despite a $1.95 trillion deficit.

Summary

Yields Threaten AI

Higher Treasury yields, with the 10-year rate above 4.50%, threaten AI data-center investment.
Michael Wilson (Morgan Stanley) says the rise creates a stock-market headwind.
Bond-market pressure previously ousted UK PM Liz Truss in 2022 and paused President Donald Trump’s tariff plans.
Investors set Treasury yields while the Federal Reserve (Fed) controls only the overnight rate.
CME traders expect a Fed hike, not a cut, after strong hiring and rising inflation.

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Treasury Yields Surge

The U.S. 30-year Treasury yield rose to 5.19%, the highest since 2007, while the 2-year fell to 4.08% and the 10-year to 4.619%.
Bank of America’s survey found 62% of fund managers expect the 30-year yield to hit 6%, and 20% target 4%.
Ajay Rajadhyaksha, Barclays Plc’s chairman of research, warned debt growth makes bonds unattractive, while Treasury Secretary Scott Bessent pledged to cut borrowing costs despite a $1.95 trillion deficit.

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