On the first trading day of 2026, U.S. Treasury bonds directly fell sharply! The yield on the 30-year Treasury bond rose to the highest point since early September, briefly climbing 4 basis points to 4.88%, while the 10-year bond also increased by 2 basis points to 4.19%.
In fact, this situation is quite easy to understand. Previously, there was data indicating that the number of initial jobless claims in the U.S. fell to one of the lowest levels of the year last week—this indicates that the job market is quite stable, and people are becoming increasingly optimistic about the U.S. economic outlook, naturally wanting to avoid holding Treasury bonds as a safe-haven asset. When demand weakens, the price of Treasury bonds falls, and yields rise instead.
In fact, this situation is quite easy to understand. Previously, there was data indicating that the number of initial jobless claims in the U.S. fell to one of the lowest levels of the year last week—this indicates that the job market is quite stable, and people are becoming increasingly optimistic about the U.S. economic outlook, naturally wanting to avoid holding Treasury bonds as a safe-haven asset. When demand weakens, the price of Treasury bonds falls, and yields rise instead.