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    "parsed_content": "U.S. Tariffs\u00a0and TradeTariffs Lifted on Irish WhiskyU.S.-Canada Trade WarTrade DeficitTariff TrackerAdvertisementSKIP ADVERTISEMENTSupported bySKIP ADVERTISEMENTBond Yields Make Biggest One-Day Jump Since Trump\u2019s Tariffs Rattled MarketsThe 10-year Treasury yield on Wednesday rose to around 5.1 percent, as investors increasingly expect the Fed Reserve will raise interest rates again.Listen \u00b7 4:51 min Share full articleU.S. 10-Year Treasury Yield\n \n \n \n \n \n Note: Data delayed at least 15 minutes.Source: FactSet.The New York TimesBy Joe RennisonSept. 23, 2026See more of our coverage in your search results.Encuentra m\u00e1s de nuestra cobertura en los resultados de b\u00fasqueda. Add The New York Times on GoogleAgrega The New York Times en Google Government bond yields rose sharply on Wednesday, fueled by stronger-than-expected manufacturing data that suggested the economy may be heating up faster than predicted, putting new pressure on the Federal Reserve to raise rates again.The yield on the 10-year Treasury note, which underpins corporate and consumer borrowing across the globe, rose roughly 0.2 percentage points to around 5.1 percent, its biggest one-day jump since the immediate aftermath of President Trump\u2019s \u201cliberation day\u201d tariff proposal, and its highest outright yield since the buildup to the global financial crisis. The five-year Treasury yield also rose above 5 percent, to its highest since 2007.The rise in yields also weighed on the equity market, with the S&P 500 falling 0.8 percent on Wednesday after trading close to its record high at the start of the week.Wednesday\u2019s big move higher in yields comes during a period of upheaval in the bond market. Earlier this month, the 10-year Treasury yield surpassed 5 percent for the first time in many years, a breach of a symbolic threshold that reflected investors\u2019 unease with inflation, government deficits and booming spending on artificial intelligence.AdvertisementSKIP ADVERTISEMENTWednesday\u2019s moves also extended months of rising yields around the world. The 10-year Treasury yield has risen more than a percentage point since the onset of the war with Iran, pushing up mortgage and other borrowing rates.In Britain, comparable 10-year gilt yields have risen by a similar amount over the same period. French and Italian yields have risen even more.The rise in U.S. yields has been partly spurred by persistent inflation stemming from increasing oil prices amid the simmering war in the Middle East.But the increase has largely been driven by higher growth expectations tied to the expansion of artificial intelligence. Investors still worry that the demand for supplies and labor to complete the build-out of A.I. infrastructure could also feed into rising prices unless the Federal Reserve continues to raise interest rates.On Wednesday, a monthly survey of executives at private companies by S&P Global showed stronger-than-expected manufacturing and services activity. But that strength of demand was accompanied with a warning that the surge of activity had started to push prices higher, threatening the inflation outlook.AdvertisementSKIP ADVERTISEMENTLast week, the Federal Reserve raised rates a quarter of a percentage point, to a range of 3.75 percent to 4 percent, citing the need to counter inflation. It was the first increase in rates in more than three years. In announcing the rate hike, the Fed chairman, Kevin M. Warsh, cited multiple factors driving up 10-year yields, primarily the strength of the economy, demand for debt being used to finance the A.I. build out and volatile geopolitics, which have raised oil prices and exacerbated concerns about inflation.After the release of the manufacturing survey on Wednesday, investors raised their expectations that the Fed would increase interest rates again next month to a roughly 70 percent chance, up from 53 percent on Tuesday. The probability is derived from prices in interest rate futures markets, which allow investors to bet on the level of interest rates going forward.Also on Wednesday, Michael S. Barr, a governor at the Fed, warned that further rate increases would probably be necessary in order to quell inflation. \u201cFurther policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,\u201d Mr. Barr said in a speech in Chicago, while noting that inflation is not trending toward the 2 percent target in a \u201ctimely way\u201d and that the risks on that front had increased.Amid sharply rising yields, there was less-than-usual demand from investors to buy $70 billion of five-year Treasuries at a government auction on Wednesday.The tepid auction results point to the pros and cons of the recent rise in interest rates. With solid growth expected for years to come, some analysts have argued that Treasury yields should remain elevated, reflecting the strength of the economy. And those higher yield rates are typically attractive to investors.But those higher yields are causing consternation for other reasons. Higher Treasury yields correspond to higher interest payments for the government on its $32 trillion debt pile, and for companies and consumers, many of them already struggling to keep up with rising prices and slowing wage growth.Colby Smith contributed reporting.AdvertisementSKIP ADVERTISEMENT",
    "published_at": "2026-09-23T19:08:06+00:00",
    "author_name": "Joe Rennison",
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    "ai_headline": "Bond Yields Make Biggest One-Day Jump Since Trump\u2019s Tariffs Rattled Markets",
    "ai_simplified_title": "US Treasury Yields Jump on Strong Economic Data",
    "ai_excerpt": "Government bond yields, including the 10-year Treasury note, rose sharply on Wednesday, fueled by stronger-than-expected manufacturing data. This suggests the economy is heating up faster than predicted, putting pressure on the Federal Reserve to raise interest rates again.",
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