US Treasury Yields Hit Highest Since 2004 as Bond Selloff Deepens

On September 23-24, 2026, US Treasury yields soared, with the 30-year yield reaching its highest level since 2004. The bond selloff was driven by Fed rate-hike expectations, which also strengthened the dollar and lifted yields. US stocks fell as rate hike cycles have historically pressured equity prices. Meanwhile, Honda announced plans to invest $2.5 billion in a new hybrid vehicle plant in Ohio.