SEB logo
SEB

Report published September 30, 2026

US 30-Year Yield at Its Highest Level Since 2002: SEB Nordic Alert

SEB · September 30, 2026

US 30-year yields reached their highest level since 2002 at over 5.6%, pushing the US dollar stronger against major peers including EUR and SEK. Meanwhile, Swedish economic confidence reached multi-year highs as markets anticipate US PCE inflation data and potential quarter-end rebalancing flows.

Read the remaining 2 pages

Finvaulta summarizes SEB's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

  • 1.The US 30-year Treasury yield briefly breached 5.6%, reaching its highest level since 2002, with 30-year TIPS yielding ~3.3% real.
  • 2.The US dollar strengthened broadly, driving EUR/USD to 1.1312, its lowest level since May of the previous year.
  • 3.Oil dropped 2.5% to $103.1/barrel on higher Middle East delivery signs, alleviating some upward pressure on European yields.

Table of Contents

  • Global key stories
  • Nordic key stories
  • Today's key events
  • Market data

Report data

Today's key events

MetricEstimateContext
US 30-Year Government Bond Yield5.6%Briefly moved above 5.6%, reaching its highest level since 2002.
US 30-Year TIPS Real Yield3.3%Annual real returns offered by 30-year inflation-protected Treasury bonds.
Brent Crude Oil Price103.1 USD/barrelFell on signs of increased Middle East supply deliveries.
EUR/USD Exchange Rate1.1312Lowest level since May of previous year.

Reports in this series

Nordic Alert is shown in chronological order through this edition, published on September 30, 2026.

Part of the Nordic Alert series — view all 28 editions

Looking for the latest edition? French budget and new elections in Spain 2026 10 06 (Oct 6, 2026)

  1. Sep 22Lower oil prices and Trump speech 2026 09 22
  2. Sep 24Central bank bonanza in Scandinavia 2026 09 24
  3. Sep 25Higher for longer but different driving forces behind the rise in yields 2026 09 25
  4. Sep 28Fine tuning or the start of a new rate hiking cycle 2026 09 28

Access the full report

And others from the leading tier 1 banks.

Free account: read previews and a daily allowance of full reports. Pro removes the daily limit.