US Treasury Yields Hit 24-Year Highs; 10-Year at 5.34%

The 10-year Treasury yield jumped to 5.34% and the 30-year to 5.70%, highest since 2002, driven by resilient growth, AI investment, and persistent inflation—ISM Services Prices Paid reached 74.0. Markets now price a 25% October Fed hike chance and full 25bp by December, sharpening focus on next week's FOMC minutes and Waller speech to clarify the central bank's inflation-fighting stance.