---
title: "Weekly Recap | TLT.US -0.81%, 10-year yield hits 4.8%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298089463.md"
description: "TLT closed the week at $82.21, down 0.81% from the previous Friday’s close of $82.88. Over the same period, the S&P 500 edged up 0.09%, leaving TLT roughly 0.9 percentage points behind the benchmark. The week was choppy but contained, with an amplitude of only 0.95%. Monday opened higher and ended at $82.52, Tuesday pulled back to $81.87, and Wednesday marked the week’s low at $81.745 before a modest recovery."
datetime: "2026-09-05T04:25:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298089463.md)
  - [en](https://longbridge.com/en/news/298089463.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298089463.md)
generator: "portal-rs"
---

# Weekly Recap | TLT.US -0.81%, 10-year yield hits 4.8%

## The Week

TLT closed the week at $82.21, down 0.81% from the previous Friday’s close of $82.88. Over the same period, the S&P 500 edged up 0.09%, leaving TLT roughly 0.9 percentage points behind the benchmark. The week was choppy but contained, with an amplitude of only 0.95%. Monday opened higher and ended at $82.52, Tuesday pulled back to $81.87, and Wednesday marked the week’s low at $81.745 before a modest recovery. Thursday and Friday then traded in a narrow range near $82, with Friday closing at $82.21. Average daily volume of about 23.8 million shares was 6.63% below the median, pointing to a fairly quiet tape.

## Sector News

Long-dated Treasury yields pushed higher this week, with the 10-year yield touching 4.8% on 1 September, the highest since January 2025. That kept pressure on TLT given its long duration. The news flow centred on the global bond sell-off: Japan’s 10-year yield reached a 30-year high, the 60⁄40 portfolio faced a fresh test, and mortgage rates near 7% began to weigh on some buyers. At the same time, money was still flowing into some bond funds even as Treasury ETFs recorded a heavy week of outflows.

## The Week Ahead

The NFIB small business optimism index opens the data calendar on Tuesday, 8 September. The bigger test lands on Thursday, 10 September, when the 10-year Treasury auction’s high yield and bid-to-cover ratio will gauge demand for long-dated paper, while jobless claims, PPI and existing home sales will shape the market’s view of the Fed’s next steps. If yields stay above 4.8%, long-dated bond volatility could persist; softer inflation prints, on the other hand, could give the long end some breathing room.

## In Short

TLT spent the week caught between rising yields and heavy outflows, though the decline was moderate and mostly a narrow, high-level consolidation. On valuation, a PB of 0.85 and a dividend yield of about 4.73% offer some cushion, while the latest session’s fund flow showed large-lot money leaning slightly to the sell side. The question now is whether next week’s 10-year auction and inflation data can cool yields, which will decide whether long-dated bonds keep consolidating in this range or break lower.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**