The yield on the 10-year Treasury hit the highest level since 2002 during Thursday's trading session, as higher borrowing costs impact the economy at large and impact households.Yields on longer-dated Treasurys have risen this year amid the geopolitical uncertainty caused by the Iran war, as well as growing federal budget deficits, tighter monetary policy and more competition in the bond market from mounting levels of corporate debt issuance due to the AI buildout.The 10-year Treasury yield rose as high as 5.34% during Thursday's trading session, the highest level since 2002, before declining...
Bond yields are hovering near multi-year highs: What it means for your wallet
HALO Newsroom
Oct 3, 2026 • 2 weeks ago
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Wayne G Fraser
HALO Contributor
Insurance Broker
Insurance Industry
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Georgia, North Carolina, South Carolina
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17934945