U.S. Bond Yields Hit Highest Since 2002; Inflation Fuels Sell-Off

October 1, 2026

Summary

World bond markets are experiencing a significant sell-off, with US bond yields hitting their highest level since 2002 and UK long-term borrowing costs surpassing 6%. This turmoil is driven by energy-driven inflation risks and concerns over government debt levels.

Coverage by lane

Left

U.S. Bond Yields Hit Highest Level Since 2002

Center

Fed’s Kashkari on Rates, Inflation, Bond Yields, US Economy
Bond Veteran Jim Bianco Still Bullish As Yields Soar