Story perspectives

30-Year Treasury Yield Hits 5.70% Highest Since 2002

By Drooid · Oct 9, 2026, 12:51 AM UTC · How we work

Summary

U.S. Treasury Yields Surge

U.S. Treasury market pushes 30-year yield to about 5.70%, highest since 2002.
Investors cite rising inflation, higher oil prices, and fiscal deficits as drivers of the yield rise.
United Kingdom’s 30-year gilt climbs to 6.036%, highest since January 1998.
Brent crude futures trade near $101.54 a barrel, up more than 1%.
New York Fed President John Williams warns a further rate rise may be needed as debt tops $40 trillion.

Summary

Trump Sparks Iran Criticism

President Donald Trump’s comments on Iran provoked bipartisan criticism in Congress, raising political tension.
Iranian Parliament Speaker Bagher Ghalibaf mocked U.S. economic woes with a meme about diesel prices and yields.
Brent crude rose above $101 per barrel after the EIA upgraded its Q4 forecast.
U.S. stock futures fell across the Dow, S&P 500, and Nasdaq 100, indicating a negative market opening.

History

Historical Context

The 1979 oil shock, sparked by the Iranian Revolution and OPEC’s embargo, drove crude to $30 a barrel, lifted Treasury yields above 12% and forced Paul Volcker to raise the federal funds rate to 20% in 1980 (10-year yield 15.84%); 1973 embargo and Nixon’s price controls prompted Jimmy Carter’s phased deregulation on April 5 1979, and Brent near $101 and yields 5.7% revive those concerns, John Williams warns.

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U.S. Treasury Yields Surge

U.S. Treasury market pushes 30-year yield to about 5.70%, highest since 2002.
Investors cite rising inflation, higher oil prices, and fiscal deficits as drivers of the yield rise.
United Kingdom’s 30-year gilt climbs to 6.036%, highest since January 1998.
Brent crude futures trade near $101.54 a barrel, up more than 1%.
New York Fed President John Williams warns a further rate rise may be needed as debt tops $40 trillion.

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