# Treasury yields fall after Fed signals patience on rate hikes

> The 10-year yield dropped 4 basis points as Fed Governor Christopher Waller said more rate increases are needed but don't have to come at consecutive meetings.
- Title: Treasury yields fall after Fed signals patience on rate hikes
- Summary: The 10-year yield dropped 4 basis points as Fed Governor Christopher Waller said more rate increases are needed but don't have to come at consecutive…
- Keywords: treasury yields, federal reserve, christopher waller, bond auction, inflation, interest rates, business, finance, Treasury, yields, fall, Fed
- Source: CNBC — https://cnbc.com/2026/10/08/us-treasury-yields-30-year-bond-auction.html
- Author: Sawdah Bhaimiya,Sean Conlon
- Published: 2026-10-08T09:19:44+00:00
- Read time: 1 min
- Topics: treasury yields, federal reserve, christopher waller, bond auction, inflation, interest rates, business, finance
## Yields fall after Fed official speaks
The ten-year Treasury yield fell four basis points to five point two three seven percent on Thursday after reaching its highest level since two thousand two this week.
## Waller: more hikes needed but not rushed
Fed Governor Christopher Waller said more rate increases are needed to bring inflation down after around five and a half years above the central bank's two percent target, but suggested rates did not need to rise immediately.

> The hikes do not need to come at consecutive meetings. But they should be in place in an acceptable period of time.
## Thirty-year auction draws strong demand
The Treasury sold twenty two billion dollars in thirty-year paper with indirect bidders, including central banks, taking seventy two point three percent of the sale, above a ten-auction average of sixty eight percent.
## Long-dated yields pull back on auction
The thirty-year Treasury bond yield fell nearly five basis points to five point six one four percent after trading around a twenty four-year high recently, with the auction yield at five point six one eight percent.
## Key takeaway

Treasury yields fell after Fed Governor Christopher Waller said rate hikes are needed to fight inflation but need not happen at consecutive meetings.