10-Year Treasury's Worst Run in a Century Reshapes Rate Bets

The 10-year Treasury is in the middle of its weakest stretch in over 100 years, a milestone significant enough to function as a standalone trading event for rate-sensitive markets. Persistent yield pressure has kept bond prices under sustained strain through the year.

Despite the losses, strategists note rising yields are starting to attract new capital — higher yields mean better forward return potential for fresh money entering bonds, even as existing holders sit on losses.

This dynamic matters for FX and rates traders tracking Treasury moves as a leading signal: any stabilization in yields could mark an inflection point worth watching heading into the next data-driven trading session.