Mortgage rates move higher, Treasury yields surge, 10s +6bp · desk brief, Thu 30 Jul 2026
Treasuries (close 2026-07-29): 2s 4.22% (-4.0bp), 10s 4.67% (+6.0bp), 30s 5.2% (+11.0bp).
Tape (close 2026-07-29): VIX 20.66, 2s10s +45bp.
Narrative: US 30-Year Yield Soars to 19-Year High After Fed Holds Rates
What mattered:
• Mortgage rates move higher, Treasury yields surge
• The Fed Likes the Sound of Interest Rate Hikes a Lot More
• Core Personal Consumption Expenditures - Price Index (MoM): 0.1
• Treasuries Move Notably Lower Amid Concerns About Interest Rate Outlook
• Fed's Credibility Questioned, ‘Bond Vigilantes’ Return | Real Yield 7/30/2026