US 10-Year Borrowing Costs Pull Back From 5% in Reprieve for Bessent

Reuters, Sept. 11, 2026-Ankur Banerjee, Amanda Cooper, Dhara Ranasinghe and Colin Barr

The global bond rout took a breather on Friday after a widely anticipated U.S. inflation report met economist expectations, pushing up market rate-hike odds while also driving expectations that the Federal Reserve ​may take a wait-and-see approach.

The respite was good news for Trump administration officials, who had been trying to push down borrowing rates to little effect, with anxiety centering on the 5% level ‌looming for the benchmark U.S. security.

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