The Briefing
The Ledger — Saturday 27 September 2026: yields at 5.1%
The ten-year Treasury pierced 5.1% overnight as bond markets digest the Fed's 3.75–4% floor and the Bank of Japan's 1.25% guideline set on 24 September. Asia wakes to a five-decade high in borrowing costs and the first Japan cash session under the new rate.
September 27, 2026