Treasury sold $70 billion of five-year notes on July 27 at a 4.408% high yield with a 2.28 bid-to-cover, the weakest of three note sales this week as the Fed meets.

The Fed opens its two-day July meeting Tuesday with a rate hike a live possibility. Futures put hike odds near 34% as oil above $100 revives inflation fears.

The U.S. prime rate is set to hold at 6.75 percent as markets price a fifth straight Fed hold on July 29, 2026. Here is what a pause means for your debt and savings.

Brent crude topped $100 and the 10-year Treasury yield hit its highest since January 2025, lifting September Fed rate-hike odds to about 82% as prime holds at 6.75%.

Treasury's 20-year bond auction stopped at 5.163% on July 22, 2026, the highest of the year and up from 4.927% in June, days before the July 29 Fed decision.

The average interest rate on U.S. Treasury debt climbed to 3.41% in June 2026, the highest since 2009, pushing gross interest costs past $1.05 trillion this fiscal year.

The 10-year Treasury yield settled at 4.55% on July 17, 2026. Here is what the benchmark is, what moves it, and how it sets your mortgage and loan rates.

The Fed entered its communications blackout ahead of the July 28 to 29 meeting, with markets pricing about an 87% chance of a rate hold at 3.50% to 3.75% on July 29.