The yield on the US 10-year Treasury note remained elevated above 4.4% on Tuesday, nearing the highs reached in March, as tensions in the Middle East showed little sign of easing and rising oil prices continued to fuel inflationary pressures. Headline inflation accelerated to 3.8% in March, the highest level since March 2023 and above market expectations of 3.7%, driven largely by higher gasoline prices. Core inflation also surprised to the upside, rising to 2.8%. US President Donald Trump said the ongoing ceasefire was “on life support” after Tehran delivered what he described as an “unacceptable” response to Washington’s proposal to end the conflict. Against this backdrop, the Fed is widely expected to keep interest rates on hold throughout the year, while markets currently price in a roughly 27% probability of a 25bps rate hike in December.

The yield on US 10 Year Note Bond Yield rose to 4.44% on May 12, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.14 points, though it remains 0.04 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Note Yield - data, forecasts, historical chart - was last updated on May 12 of 2026.

The yield on US 10 Year Note Bond Yield rose to 4.44% on May 12, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.14 points, though it remains 0.04 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Note Yield is expected to trade at 4.33 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.13 in 12 months time.



Bonds Yield Day Month Year Date
US 10Y 4.44 0.025% 0.145% -0.035% May/12
US 4W 3.66 -0.010% -0.005% -0.658% May/12
US 8W 3.67 -0.018% -0.008% -0.650% May/11
US 3M 3.69 -0.003% -0.003% -0.693% May/12
US 6M 3.74 0.007% 0.023% -0.512% May/12
US 52W 3.79 0.016% 0.106% -0.331% May/12
US 2Y 3.98 0.017% 0.200% -0.032% May/12
US 3Y 4.01 0.021% 0.209% 0.008% May/12
US 5Y 4.11 0.025% 0.187% 0.002% May/12
US 7Y 4.27 0.019% 0.167% -0.010% May/12
US 20Y 5.00 0.021% 0.115% 0.056% May/12
US 30Y 5.01 0.018% 0.108% 0.099% May/12
US 10Y TIPS 1.94 0.018% 0.041% -0.209% May/12
US 5Y TIPS 1.40 0.003% 0.165% -0.297% May/12
US 30Y TIPS 2.72 0.014% 0.060% 0.056% May/12



Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026

US 10 Year Treasury Note Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.44 4.41 15.82 0.32 1912 - 2026 percent Daily

News Stream
Treasury Yields Approach June Highs Again
The yield on the US 10-year Treasury note remained elevated above 4.4% on Tuesday, nearing the highs reached in March, as tensions in the Middle East showed little sign of easing and rising oil prices continued to fuel inflationary pressures. Headline inflation accelerated to 3.8% in March, the highest level since March 2023 and above market expectations of 3.7%, driven largely by higher gasoline prices. Core inflation also surprised to the upside, rising to 2.8%. US President Donald Trump said the ongoing ceasefire was “on life support” after Tehran delivered what he described as an “unacceptable” response to Washington’s proposal to end the conflict. Against this backdrop, the Fed is widely expected to keep interest rates on hold throughout the year, while markets currently price in a roughly 27% probability of a 25bps rate hike in December.
2026-05-12
US 10-Year Yield Hits 1-Week High
The yield on the US 10-year Treasury note rose to around 4.42% on Tuesday, reaching a one-week high as President Donald Trump cast doubt on the durability of the US-Iran ceasefire after rejecting Tehran’s latest peace proposal, keeping inflation risks elevated. Reports also suggested that President Trump is set to meet with his national security team to evaluate a potential resumption of military operations, alongside renewed consideration of plans to escort commercial vessels through the Strait of Hormuz. The ongoing conflict has kept oil prices elevated, reinforcing inflationary pressures and supporting expectations that interest rates may need to remain higher for longer to contain price growth. Meanwhile, investors were awaiting April’s consumer inflation report for further insight into how the Iran conflict is impacting the economy and shaping the Federal Reserve’s policy path. The Fed is widely expected to keep the federal funds rate unchanged through the remainder of the year.
2026-05-12
US Treasury Yields Advance Amid US-Iran Setback
The yield on the US 10-year Treasury note climbed around 5bps to 4.4% on Monday, as renewed tensions in US-Iran negotiations pushed oil prices higher and reignited inflation concerns. Sentiment deteriorated after President Trump rejected Iran’s response to his proposal, warning that the ceasefire was on “life support,” further fuelling fears of prolonged geopolitical instability in the Middle East. Meanwhile, US inflation data due tomorrow will be closely watched for further clues on the Fed’s next policy steps. The Fed is widely expected to keep the federal funds rate unchanged this year, while investors currently see a 31% chance of a rate hike in March. Investors were also looking ahead to a summit between US President Trump and Chinese President Xi Jinping expected later this week. According to US officials, the two leaders are set to discuss Iran, Taiwan, artificial intelligence, nuclear weapons, and critical minerals.
2026-05-11