10-Year Yield Slips Below 5% After the 5.35% Level Holds
The 10-year Treasury yield fell to 4.97% on Oct. 22, below 5%, after failing to break above 5.35%, HousingWire's Logan Mohtashami reports. He credits worries about AI growth and short covering.
Key facts
- The 10-year yield was at 4.97% at the time of writing, below 5%.
- The yield could not stay above the 5.35% technical level, and it reversed.
- Mohtashami says the Federal Reserve has "said many times" that the AI boom is inflationary. The article gives no Fed quote or date.
- Brent crude is near its yearly high. Mohtashami writes that President Trump has said he wants to attack Iran after the midterms, which could keep oil prices elevated. The article links to ABC News for that statement.
- Mohtashami wants the 10-year below 4.70% to draw bond buying, and mortgage rates back under 6.64%.
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Source: The 10-year yield is under 5%. Are sub-7% mortgage rates next? — HousingWire, October 22, 2026. Summary and commentary by RISE Community; read the full story at the source.
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