U.S. 30-year yield hits highest since 2004 as oil near $106 weighs on markets

Long bond around 5.45–5.47%; 10-year above 5.1%. Bessent buybacks have not capped the selloff; stocks swing under bond and energy pressure.

Confirmed By Sam Okonkwo · Staff Writer — Business United States / Global Published Sep 24, 2026, 12:34 PM PT Updated Sep 24, 2026, 12:34 PM PT

The yield on the U.S. 30-year Treasury rose to about 5.45–5.46% on Thursday, Sept. 24, 2026—the highest since 2004—while the 10-year yield climbed above 5.1%, extending a global bond selloff, Reuters (opens in new tab), NBC News (opens in new tab), The Guardian (opens in new tab)’s live market blog, AFP (opens in new tab), and Local10 (opens in new tab) reported.

Reuters (opens in new tab) tied the move to worries that high energy costs, resilient growth, and heavy government borrowing will keep inflation elevated. Coverage across the same window also pointed to Brent crude near or above about $106 a barrel as oil stayed a market pressure point alongside bonds.

Treasury Secretary Scott Bessent’s expanded buybacks of longer-dated debt have not stopped yields from climbing, Reuters (opens in new tab) said. New York Fed President John Williams described the U.S. economy’s “remarkable resilience” Thursday—remarks investors read against a backdrop of firmer rate-hike bets after strong activity data, the same packages noted.

U.S. stocks swung as the bond selloff and oil prices kept pressure on risk assets, Local10 (opens in new tab) and AFP (opens in new tab) said. The Event Log treats the yield highs and oil/bond linkage as confirmed market reporting and notes this is distinct from Wednesday’s financials/yield-curve slide story.