30-year U.S. Treasury yield hits 19-year high, draws housing warnings
Peter Schiff and Mohamed El-Erian say the 30-year U.S. Treasury yield has climbed to 5.31%, its highest since June 2007, with both warning of housing and borrowing-cost pressure.
Economists Peter Schiff and Mohamed El-Erian flagged the 30-year U.S.
Treasury yield’s steady climb to multi-decade highs, warning the move could weigh heavily on the housing market and borrowing costs.
A 25-Year Climb, Now Accelerating “Slowly and steadily, the 30-year US Treasury yield is heading toward 5.30%, a level the economy, and the housing market in particular, has not seen in decades,” El-Erian said on X, sharing a Bloomberg chart tracking the yield’s climb.
The chart shows the 30-year yield has surged from below 1% in March 2020 to above 5.27% on Monday, marking one of the sharpest sustained moves in the yield’s 25-year trading history and pushing the yield back toward levels last seen in 2007.
Schiff replied to El-Erian’s post, noting the yield has already moved past that mark. “It’s now past 5.3% and headed higher,” Schiff said, adding that “5.5% is the next objective.” It's now past 5.3% and headed higher.
5.5% is the next objective. — Peter Schiff (@PeterSchiff) August 17, 2026 Yields Are Already At An 19-Year High The 30-year Treasury yield climbed to 5.31% on Monday, its highest level since June 2007, even as expectations for a near-term Federal Reserve rate hike have eased.
The CME FedWatch Tool shows just a 36% chance of a interest rate hike in September, down from 48% a week earlier.
Read Also: Nasdaq 100 Short Exposure Hits $20 Billion as Insiders Near ‘15-Year High’ in Buying: Is a Squeeze Imminent? ETFs Exposed to Treasury The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT ) has $45.73 billion in assets and a 0.15% expense ratio, has lost 6.53% year-to-date and 5.57% over the past year.
The Vanguard Extended Duration Treasury ETF (NYSE: EDV ) has fallen 9.65% so far this year and 9.09% over the past year.
It has $3.40 billion in assets under management and charges an expense ratio of 0.05%.
US Treasury 30 Year Bond ETF (NASDAQ: UTHY ), which manages $181.37 million in assets with a 0.15% expense ratio, has fallen 6.50% year-to-date and 5.58% over the past year.
Price Action: The iShares 20+ Year Treasury Bond ETF fell 0.25% on Monday at $81.35 and gained 0.12% in extended trading. edge rankings show the iShares 20+ Year Treasury Bond ETF has a Momentum score in the 18th percentile and a negative price trend across the short, medium, and long-term.
Read Also: California’s Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll Disclaimer: This content was produced with the help of AI tools and was reviewed and published editors Photo courtesy: Shutterstock