Rates Week: 10-Year Yield Rises 11 Basis Points to 5.28%
The 10-year Treasury yield rose 11 basis points over the week to 5.28% as of October 2; the 2-year stood at 4.83% and the VIX at 15.31.
Treasury yields rose over the week ending Friday, October 2, 2026, according to FRED data. The 10-year yield rose from 5.17% on Friday, September 25, to 5.28% on October 2, an increase of 11 basis points from the prior week's last observation.
The 2-year yield stood at 4.83% as of October 2, putting the spread between the 10-year and 2-year yields at 45 basis points. The effective federal funds rate was 3.88% in the observation dated October 3, leaving the 10-year yield 140 basis points above the overnight rate.
Other measures as of October 2 showed the VIX volatility index at 15.31 and the high-yield option-adjusted spread at 3.10 percentage points. The Fed's nominal broad dollar index stood at 121.38.
The data calendar showed no U.S. economic releases on Saturday. FRED series for Treasury yields, the VIX and credit spreads are published for business days only, so the latest readings carry Friday's date.
Weekend commentary on rates was varied. A Seeking Alpha piece carried the headline "5 Reasons Yields Could Stay High: The Bull Market Isn't Over," and another Seeking Alpha article was titled "September Jobs Data Backs An October Hold: I See A Problem." CNBC ran a headline saying high interest rates are foreclosing on the American home remodeling dream. A further Seeking Alpha piece was titled "Macro Conditions May Mean A Period Of No Growth Lies Ahead."
Data
| Measure | Value | As of |
|---|---|---|
| 10-year Treasury | 5.28% | 2026-10-02 |
| 10-year weekly change | +11 bp | 2026-09-25 to 2026-10-02 |
| 2-year Treasury | 4.83% | 2026-10-02 |
| 10y-2y spread | 0.45 | 2026-10-02 |
| Effective fed funds | 3.88% | 2026-10-03 |
| VIX | 15.31 | 2026-10-02 |
| High-yield OAS | 3.10 | 2026-10-02 |
Data: FRED. Figures are close to close unless stated otherwise.
In the news
- Seeking Alpha: 5 Reasons Yields Could Stay High: The Bull Market Isn't Over
- Seeking Alpha: September Jobs Data Backs An October Hold: I See A Problem
- CNBC: High interest rates are foreclosing on the American home remodeling dream
- Seeking Alpha: Macro Conditions May Mean A Period Of No Growth Lies Ahead
Neutral market summary, for information only. Not investment advice or a recommendation to buy or sell any security.
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