Published Sep 15, 2026, 4:40 AM ET · Updated 2 months ago · 1 source

10Y Treasury at 5.04% 20-year high; only deficit cuts, stock decline, or AI slowdown can lower long end

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Original Report

With the 10-year Treasury yield hitting a 20-year high of 5.04% and fiscal buybacks ineffective, the long end can only truly fall via deficit reduction, a stock market decline, or an AI investment slowdown, none of which Trump wants.