Why Did Treasury Yields Rally… Finally? | The WAY Forward
The WAY Forward | Edition 02 | October 19, 2026
By Geoffrey C. Arrobio, Executive Director, WAY Capital
U.S. Treasuries finally rallied last week. The 10-Yr fell ~15 bps to 5.09% and the 5-Yr fell ~13 bps to 4.89%, even as hotter CPI and PPI numbers came out the same day. Selling in AI credit, U.S. and Korean chip stocks and French bonds sent capital looking for safety, and some of it landed in U.S. Treasuries.
In this week’s edition of The WAY Forward, Geoffrey Arrobio covers:
- Why the long-term uranium supply-and-demand thesis keeps getting strongered.
- What drove last week’s selloff, and where the capital went
- Oversold hard assets, and why China’s central bank keeps adding gold
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Sources: Investing.com; Bloomberg; People’s Bank of China (PBOC)