ZTrader Macro & AI Notes

ZTrader Macro & AI Notes

The US Bond Crisis: How We Got Here, From the 1951 Treasury-Fed Accord to Bessent’s Buybacks

Understanding the bond yield and timeline

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Dorian
Sep 27, 2026
∙ Paid

By Dorian

The cover traces the monthly average yield on the 10-year US Treasury from April 1953 to July 2026, extended to the reported level of 5.21 percent on September 24, 2026, the highest since 2007.

The line climbs from under 3 percent in the 1950s to a record monthly high of 15.32 percent in September 1981, when Paul Volcker had taken the federal f…

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