US Treasury yields, October 29, 2026: 10-year yield falls back below 5% to 4.98%

Yields fell across most maturities after the Federal Reserve's October hold

Treasury par yields show the interest rate investors demand to lend to the US government for a given length of time. On October 29, most of them fell:

• The 10-year yield fell 7 basis points (hundredths of a percentage point) to 4.98%, from 5.05%.
• The 5-year yield fell 7 basis points to 4.78%.
• The 30-year yield fell 5 basis points to 5.32%.
• The 2-year yield slipped to 4.61%, from 4.67% on October 28 and 4.70% on October 27.
• The 6-month yield fell to 4.28%.

Yields on short-term Treasury bills barely moved. The 1-month yield was 4.06%, and the 3-month yield was unchanged at 4.18%. The gap between the 2-year and 10-year yields held at about 37 basis points.

Long-term bonds have led a steady retreat from early-October highs

The 10-year yield is down 26 basis points since October 9, from 5.24% to 4.98%. Over the same period, the 30-year yield is down 28 basis points, from 5.60% to 5.32%. The 10-year yield also closed at 4.96% on October 22. That makes October 29 its second close below 5% in a week.

Federal debt dipped slightly but remains near $40.55tn

The Treasury's daily total of federal debt fell $31bn (billion dollars) to $40.551tn (trillion dollars) on October 28. Intragovernmental holdings, the debt one part of the government owes to another, fell $26bn to $7.879tn. Debt held by the public fell $5bn to $32.672tn. Total debt is up about $267bn since October 7. That rise is in line with a federal deficit of nearly $2tn for fiscal year 2026.