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30-year Treasury yield touches 5.33%, highest since 2002, on inflation and spending concerns

8/19/2026

Treasury yield pushed to 5.33% on Tuesday, its highest level since 2002, as markets weighed continued inflation concerns and unease over federal spending.

The yield was trading around 5.322% on the session, up more than one basis point on the day. The 5.33% level is now in focus for the long end.

Two catalysts were cited for Tuesday's move: inflation pressure and concern over the trajectory of federal spending.

The yield sat just below the session high for much of the day, hovering at a mark not visited in roughly 19 years. The last time the 30-year traded near these levels was 2002.