U.S. Treasurys are now firmly in the 'danger zone,' strategists say

Key points

• A trader works at his desk on the floor of the New York Stock Exchange (NYSE) in New York on May 19, 2026. U.S.
• Treasurys have entered a "danger zone" as surging long-term yields raise fears that sticky inflation and hawkish rate expectations could begin spilling over into equities and broader risk assets, said HSBC.
• The selloff in government bonds intensified Tuesday, pushing the 30-year Treasury yield above 5.19% to its highest level since 2007. Meanwhile, the benchmark 10-year yield climbed toward 4.69%.
• Yields on the 30-year are up slightly less than 1 basis point at 5.184% as of 9:10p.m.
• ET, while yields on the 10 year are at 4.667%.