The 5-year Treasury yield reached 5.01% on October 1, 2026, up sharply from 3.68% a year earlier amid a broad selloff that pushed longer-dated yields to multi-year highs. Resilient economic growth, higher oil prices fueling inflation concerns, and revised PCE data have supported elevated real yields and reduced expectations for near-term Fed easing, with the federal funds rate held at 3.50-3.75%. Traders are monitoring the October 2 nonfarm payrolls report, October 14 CPI release, and the October 27-28 FOMC meeting for signals on labor market strength and inflation trajectory that could influence further yield movements through month-end.