The 10-year Treasury yield surged 23.5 basis points this week, marking its largest rise since April 2025 amid Fed leadership transition.
The 10-year Treasury yield climbed 23.5 basis points this week, its sharpest increase since April 2025, as Jerome Powell’s tenure as Fed chair concludes. The yield rose from a low of 3.926% to as high as 4.599%, reflecting heightened volatility in bond markets.
During Powell’s term, the 10-year yield experienced historic swings, ranging from a pandemic low near 0.50% to a 2023 peak of 5.02%. This 450-basis-point range underscores one of the most turbulent interest-rate cycles in modern history.
The recent surge coincides with Powell’s departure, highlighting the challenges of navigating inflation and economic uncertainty during his leadership.