US long bond clears 5.6% for the first time since 2002
“There’s a realisation that the whole energy story and inflation story will not go away in the very short term,” Kenneth Broux, head of corporate research for FX and rates at Societe Generale, told Reuters.
Charu Chanana, chief investment strategist at Saxo, told Reuters the repricing runs deeper than the next few central bank meetings and “I do think we are moving towards a structurally higher-yield regime.”
The benchmark 10-year Government of Canada bond yield closed at 3.96 percent on Monday, Bank of Canada data shows, with the average yield on issues maturing beyond 10 years at 4.20 percent.
The 10-year yield briefly reached 3.998 percent on September 24, 2026, its highest in more than three years.
The Bank of Canada held its policy rate at 2.25 percent on September 2, 2026, a seventh consecutive hold, noting long-term bond yields had risen globally, including in Canada.
