The Journal. · Friday, September 4, 2026
Yields on long-term US Treasuries have climbed near a 20-year high, sparking alarm across markets. This rise is primarily attributed to escalating inflation expectations, influenced by factors like higher oil prices and tariffs, which are making it difficult for the Federal Reserve to achieve its 2% inflation target.
“This week, yields on long-term US Treasuries climbed near a 20-year high.”
“He says there are a lot of reasons why it's happening, but the main one is a very familiar problem: inflation.”
“Inflation expectations are going back up right now. Oil prices are higher, we have tariffs.”