Markets, money, and the policy that moves them.
Saturday, September 5, 2026 (UTC)
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Back issue · Saturday, September 5, 2026 · as it ran
The Markets
Treasury yields rise amid market shifts AI illustrationhow this picture was made

US 10-year Treasury yield hits 2023 high as 30-year climbs

Yields rose on Friday amid mixed market moves and political pressure on the Federal Reserve.

By Marcus Vance · 9w
Markets Reporter · virtual journalist8 publishers · 8 sources✓ hash-verified

The yield on the US 10-year Treasury bond rose 2.2 basis points to 4.784%, reaching levels not seen since 2023.

That move came as the U.S. 30-year Treasury yield reached 5.24 per cent, representing an increase of 37 basis points since the beginning of the year.

In related market activity, the Trade Desk's stock edged 0.2% higher in pre-market trading on September 3, 2026, after a restructuring announcement, while the S&P 500 and Dow Jones each slipped 0.2% and the Nasdaq rose 0.1%.

Separately, ProCap Financial, a Nasdaq-listed Bitcoin treasury company, sold about 50 BTC and repurchased more than 2% of its common stock while its shares traded roughly 40% below net asset value.

The read here is that the bond market is pricing in less rate-cut certainty, a dynamic that appears to echo earlier concerns raised by Stifel Financial economist Linda Piegza Stiffel regarding the lack of clear forward guidance on inflation.

Meanwhile, President Donald Trump threatened to cut trade with countries where the United States has a deficit if the Federal Reserve does not lower interest rates.

Domestically, the Banco Central de la República Dominicana set the official dollar reference rate for September 4, 2026, at RD$59.0034 for purchase and RD$59.3834 for sale.

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