# U.S. 10-Year Treasury Yield Rise Clusters Around Payrolls, Fed Speeches

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/23283
Published: 2026-09-23T12:57:21.000Z
Updated: 2026-09-23T12:57:21.000Z

About 90% of the rise in the U.S. 10-year Treasury’s nominal yield since August 2020 occurred within three-day windows surrounding nonfarm payrolls reports and speeches by important Federal Reserve officials.

The finding covers the past six years, with most of the rise in the U.S. 10-year Treasury’s nominal yield occurring around nonfarm payrolls reports and important Federal Reserve officials’ speeches.

The analysis was conducted by Paul Beaudry, a professor at the University of British Columbia’s Vancouver School of Economics; Paolo Cavallino of the Bank for International Settlements; and Tim Willems of the Bank of England.