Long Yields Reach Highest Since January 2025

By midafternoon Monday, the 10-year Treasury yield had risen about 4 basis points to 4.764%, its highest since January 2025, while U.S. stocks moved lower. The post-open rise turned the morning’s elevated-rate backdrop into a clearer tightening signal.

For the Fly High universe, higher long yields can pressure mortgage-REIT book values and refinancing economics for commercial real-estate lenders. BDC asset income may remain supported if short rates stay high, but borrower interest expense and credit risk also rise. Earnings remain the primary dividend-support signal; funding, leverage and book value are supporting evidence.

Friday’s August payroll report is the next test. A material downside surprise could temper hike expectations, while resilience could keep long-rate pressure firm.

Sources

• Associated Press, U.S. markets and Treasury yields, August 31, 2026
• Reuters, U.S. market and rate-hike expectations, August 31, 2026

This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.