Bond News Today — September 30, 2026

The bond market is sending mixed signals today, as investors navigate a rapidly shifting landscape. On one hand, yields continue to rise, with the 30-year Treasury bond yield reaching its highest level since 2002, making some strategists who had previously been bearish on Treasury bonds change their tune. One such strategist has turned bullish, citing the "big fat cushion" of 5.25% yields as an attractive opportunity. This shift in sentiment is likely driven by the current yield environment, which has improved significantly since 2020.

Meanwhile, other parts of the bond market are experiencing significant movements. Junk bonds are on track for their worst month since 2022, following a global selloff that has punished riskier debt. In contrast, investors who have diversified their portfolios may be poised to take advantage of what some see as the best buying opportunity for bonds in decades. Additionally, high-profile investors like Trump are building significant municipal bond portfolios, which have reportedly reached as much as $1 billion. The bond market is also sending subtle messages about the impact of the AI boom and the stock market, highlighting the complex interplay between different asset classes and market trends.

Today's signal:
• He’s been badmouthing Treasury bonds since 2020, but now ‘the big fat cushion’ of 5.25% yields is turning this strategist bullish (marketwatch.com)
• 30-year Treasury bond yield scales to highest level since 2002 (cnbc.com)
• The hidden messages the bond market is sending about the AI boom and the stock market (marketwatch.com)
• Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount (cnbc.com)
• Junk bonds are heading for worst month since 2022 after punishing global selloff (marketwatch.com)
• Investors who have shunned diversification face maybe the best buying opportunity for bonds in decades (cnbc.com)