U.S. 10-Year Treasury Yield Reaches 4.75% High Amid Fed Speculation

On September 1, 2026, the U.S. 10-year Treasury yield rose to 4.75%, a level not seen since January 2025, spurred by rising oil prices and expectations of Federal Reserve interest rate hikes. The five-year notes also reached high levels not recorded since early 2025, even as the 30-year yield approached 5.26%. Fed funds futures now indicate a 60.4% likelihood of a 25-basis-point rate increase at the September 16 meeting. This uptick in long-term borrowing costs may impact investor sentiment and borrowing rates for the public and businesses in the coming months.