The US 5-year Treasury yield climbed to 4.48% on August 28, marking its highest reading since February 2025. That’s a meaningful jump from the prior session’s levels around 4.40%.
Back in February 2025 the same yield was trading between 3.58% and 3.80%. The move from there to here represents a shift of roughly 70 to 90 basis points.
A summer of slow escalation
Throughout July and August 2026, the 5-year yield has been bouncing around in a 4.35% to 4.46% band.
A 5-year auction on July 27 came in at 4.408%.
