10-year Treasury yield reaches 4.80%, highest since January 2025
U.S. 10-year Treasury yield rose as high as 4.80% Tuesday morning, the highest since January 2025. The 30-year is at 5.25%. IEF touched a one-year low of $92.18 and TLT trades at $82.02, down 0.6%.
Fixed-income investors continue to demand a higher premium to hold U.S. government debt. The 10-year Treasury yield climbed to as high as 4.80% Tuesday morning, up from Monday’s 4.75% close and the highest since January 2025. The 30-year yield was at 5.25%.
The iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF) fell to a one-year low of $92.18. The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) was at $82.02, down 0.6%. On Aug. 19, the Treasury Department at least doubled its long-dated bond buybacks to $4 billion per operation.
Even so, yields have continued to move higher as inflation remains above the Federal Reserve's 2% target and the deficit keeps widening. Total federal debt passed $40 trillion last month.