US 10-year Treasury yield falls from 5.29% to 4.94% in October
Per the US Treasury, the 10-year yield fell 0.35 percentage point in October as money moved out of tech stocks and into safe bonds.
事件: 2026年10月30日
原始来源: 2026年10月30日
本站发布时间: 2026年10月31日 00:57 UTC
阅读: 2 分钟
发生了什么
Per US Treasury data, the 10-year Treasury yield was 4.94% on 30 October, down from 5.29% on 30 September. That is 0.35 percentage point lower in a month. The 2-year fell from 4.88% to 4.56%, the 30-year from 5.64% to 5.31%. Reuters says the 10-year was heading for its biggest monthly drop in nearly three years.
为什么和你有关
When yields fall, bond prices rise. The 10-year rate feeds into US mortgages and loans, and into borrowing costs worldwide. Money went into bonds while tech stocks fell on fears that AI spending will not pay off.
要核实和关注什么
Watch US jobs data, the midterm elections next week and the Fed's December decision: markets expect a rate hike. This is an overview, not money advice.
What happened. The US Treasury publishes the yields on its bonds every day. On 30 October the 10-year yield was 4.94%; on 30 September it was 5.29%. That is 0.35 percentage point lower in a month. Other maturities moved the same way: the 2-year from 4.88% to 4.56%, the 30-year from 5.64% to 5.31%.
Why. Per Reuters, on 30 October a sharp tech selloff pushed investors into US bonds as a safe asset. Intel fell 28.6% and the Nasdaq 2.86%. Investors worry that huge AI spending will not deliver enough return. Reuters wrote that the 10-year was heading for its biggest monthly drop in yield in nearly three years.
What is odd. Bonds rallied even though markets expect a Fed rate hike and oil is getting pricier: US crude settled at $104.12 a barrel and Brent at $117.63. Normally that hurts bonds. In October, fear about stocks won.
Why it matters to you. Yields and bond prices move in opposite directions: if you hold a US bond fund, it most likely gained in October. The 10-year rate affects mortgages and loans. Still, 4.94% is high by the standards of recent years.
What we don't know. Whether the bond rally holds if the Fed hikes in December. How markets react to the US midterm elections. Whether the tech selloff stops.
已确认的事实
- Per US Treasury data, the 10-year yield was 4.94% on 30 October 2026 and 5.29% on 30 September.[1]
- In October the 2-year yield fell from 4.88% to 4.56% and the 30-year from 5.64% to 5.31%.[1]
- Reuters wrote that the 10-year was heading for its biggest monthly drop in yield in nearly three years.[2]
- On 30 October the 10-year yield fell 5.8 basis points to 4.931% in market trading, per Reuters.[2]
- A tech selloff driven by AI spending fears pushed investors into US bonds; Intel fell 28.6% and the Nasdaq 2.86%.[2]
- US crude settled at $104.12 a barrel on 30 October and Brent at $117.63.[2]
影响
- 已确认US bond prices rose in October because their yields fell.
- 我们的解读If the drop holds, US mortgage rates could ease a little.
- 我们的解读A Fed rate hike in December could reverse the move.
仍未知
- Whether the Fed hikes in December
- How markets react to the US midterm elections
- Whether the tech stock selloff continues
影响到谁
United States, Global. People who hold bonds or bond funds, take mortgages or follow interest rates
来源
封面：Freekonomist 图示，象征性图片，不是事件现场照片。 这是新闻解读，不构成投资建议。
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