Marketplace · Monday, September 28, 2026
Bond yields across the US Treasury curve have risen again, with some reaching 19-year highs. This trend suggests that future economic activity will be more expensive due to increased interest rates on government debt. The market is reflecting strong business activity, high government debt, and an unclear geopolitical landscape.
“Business activity is strong, government debt is high, the geopolitical narrative is unclear at best. And so today, bond yields across the curve. That is, the interest rate the government has to pay on almost all of its notes, bonds and bills. Those yields were up again. In some cases to 19-year highs. So at the very least, the economy yet to come is going to be more expensive.”