From 24/7 Wall St. · Omor Ibne Ehsan · · 1m 10s
Treasury Yield Surges Above 5% as Fed Holds Rates
Fed holds rates but two dissenters push for hike, sending 10-year Treasury yield back above 5%.
In brief
Fed holds rates but two dissenters push for hike, sending 10-year Treasury yield back above 5%. The 10-year Treasury yield jumped to 5.05% after the Fed held rates at 3.75%-4% in a 10-2 vote, with two dissenters advocating for a rate hike. Originally reported by 24/7 Wall St..
Fed Holds Rates
The Federal Reserve held its target rate range at 3.75% to 4% in a 10-2 vote, with two dissenters pushing for a rate hike.
10-Year Yield Jumps to 5.05%
The 10-year Treasury yield closed at 5.05% on Wednesday, October 28, 2026, a 6-basis-point increase from the previous day.
Bond Market Reaction
The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 0.78% to $80.99, reflecting long bond market sensitivity.
Inflation Data Supports Hawkish View
Core PCE inflation ran at 3.01% year over year in August, with energy driving headline PCE to 3.42%.
Market Expectations for December Hike
A December rate hike is priced at 86.0% probability, up from 78.3% a day earlier, according to futures data.
What's Next for TLT
Investors watch for a 10-year yield above 5.13% to confirm a full reversal and push TLT toward its 52-week low of $76.43.
What matters most
The 10-year Treasury yield jumped to 5.05% after the Fed held rates at 3.75%-4% in a 10-2 vote, with two dissenters advocating for a rate hike.
