Two-year Treasury yields jump almost 60 basis points in September 2026

Two-year U.S. Treasury yields rose almost 60 basis points in September 2026, Reuters reported, poised for the largest monthly rise since early 2023. A basis point is 0.01 percentage point. Higher yields mean higher borrowing costs and better rates on new savings, but lower prices for existing bonds. I see this as a sharp reset in rate expectations.