Bonds At 5%: Is The 10-Year Treasury Finally A Buy?

RIA · Oct 12, 2026

With the 10-year Treasury yield at its highest level since 2002, buying bonds at 5% is the first real alternative that stock investors have had in nearly two decades. The 10-year Treasury yield closed September north of 5.2%, the highest level in roughly 24 years. Most of the headlines treat that as a warning. I think it's the most interesting opportunity investors have seen in bonds since before the Financial Crisis. The question I keep getting is simple: are bonds at 5% actually worth owning, or is this just another trap after the worst bond bear market in modern history? That answer…