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Summary

The yield on the 10-year note finished October 23, 2026, at 5.00% while the 2-year note ended at 4.69%.

The latest Freddie Mac Weekly Primary Mortgage Market Survey put the 30-year fixed rate at 7.32%, down slightly from last week.

Fed policy has been a major influence on market behavior.

Torsten Asmus/iStock via Getty Images

By Kirsten Chang

The yield on the 10-year note finished October 23, 2026, at 5.00% while the 2-year note ended at 4.69%.

The chart below overlays the daily performance of several Treasury bonds, starting from the pre-recession equity market peaks, along with the Federal Funds Rate (FFR) since 2007.

This next table shows the highs and lows of yields and the Federal Funds Rate since 2007.

A Long-Term Look at the 10-Year Treasury Yield

Here is a long-term view of the 10-year yield starting in 1965, well before the 1973 oil embargo that triggered the era of 'stagflation' (economic stagnation coupled with inflation)

Inverted…