--- title: "Peter Schiff Says Treasury Yields Are Headed Higher After 19-Year High, Mohamed El-Erian Warns Housing Could Feel the Pain" type: "News" locale: "en" url: "https://longbridge.com/en/news/296208579.md" description: "Economists Peter Schiff and Mohamed El-Erian warn that the 30-year U.S. Treasury yield, having reached a 19-year high of over 5.3%, is headed higher toward 5.5%. This surge poses significant risks to housing markets and borrowing costs. Correspondingly, major Treasury ETFs like TLT and EDV have suffered substantial year-to-date losses, reflecting negative price trends amid rising yields." datetime: "2026-08-18T09:14:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296208579.md) - [en](https://longbridge.com/en/news/296208579.md) - [zh-HK](https://longbridge.com/zh-HK/news/296208579.md) --- # Peter Schiff Says Treasury Yields Are Headed Higher After 19-Year High, Mohamed El-Erian Warns Housing Could Feel the Pain Economists **Peter Schiff** and **Mohamed El-Erian** flagged the 30-year U.S. Treasury yield’s steady climb to multi-decade highs, warning the move could weigh heavily on the housing market and borrowing costs. ## **A 25-Year Climb, Now Accelerating** “Slowly and steadily, the 30-year US Treasury yield is heading toward 5.30%, a level the economy, and the housing market in particular, has not seen in decades,” El-Erian said on X, sharing a Bloomberg chart tracking the yield’s climb. The chart shows the 30-year yield has surged from below 1% in March 2020 to above 5.27% on Monday, marking one of the sharpest sustained moves in the yield’s 25-year trading history and pushing the yield back toward levels last seen in 2007. Schiff replied to El-Erian’s post, noting the yield has already moved past that mark. “It’s now past 5.3% and headed higher,” Schiff said, adding that “5.5% is the next objective.” > It's now past 5.3% and headed higher. 5.5% is the next objective. > > — Peter Schiff (@PeterSchiff) August 17, 2026 ## **Yields Are Already At An 19-Year High** The 30-year Treasury yield climbed to 5.31% on Monday, its highest level since June 2007, even as expectations for a near-term Federal Reserve rate hike have eased. The CME FedWatch Tool shows just a 36% chance of a interest rate hike in September, down from 48% a week earlier. **Read Also: Nasdaq 100 Short Exposure Hits $20 Billion as Insiders Near ‘15-Year High’ in Buying: Is a Squeeze Imminent?** ## ETFs Exposed to Treasury The **iShares 20+ Year Treasury Bond ETF** (NASDAQ:TLT) has $45.73 billion in assets and a 0.15% expense ratio, has lost 6.53% year-to-date and 5.57% over the past year. The **Vanguard Extended Duration Treasury ETF** (NYSE:EDV) has fallen 9.65% so far this year and 9.09% over the past year. It has $3.40 billion in assets under management and charges an expense ratio of 0.05%. **US Treasury 30 Year Bond ETF** (NASDAQ:UTHY), which manages $181.37 million in assets with a 0.15% expense ratio, has fallen 6.50% year-to-date and 5.58% over the past year. **Price Action:** The iShares 20+ Year Treasury Bond ETF fell 0.25% on Monday at $81.35 and gained 0.12% in extended trading. **Benzinga edge rankings** show the iShares 20+ Year Treasury Bond ETF has a Momentum score in the 18th percentile and a negative price trend across the short, medium, and long-term. **Read Also: California’s Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll** **Disclaimer:** _This content was produced with the help of AI tools and was reviewed and published by Benzinga editors_ _Photo courtesy: Shutterstock_ ### Related Stocks - [EDV.US](https://longbridge.com/en/quote/EDV.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) - [UBT.US](https://longbridge.com/en/quote/UBT.US.md) - [TMF.US](https://longbridge.com/en/quote/TMF.US.md) - [TBT.US](https://longbridge.com/en/quote/TBT.US.md) - [TMV.US](https://longbridge.com/en/quote/TMV.US.md) - [TBF.US](https://longbridge.com/en/quote/TBF.US.md) - [TLTW.US](https://longbridge.com/en/quote/TLTW.US.md) - [TSYW.US](https://longbridge.com/en/quote/TSYW.US.md) - [CME.US](https://longbridge.com/en/quote/CME.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [UTHY.US](https://longbridge.com/en/quote/UTHY.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) ## Related News & Research - [TREASURIES-US yields drop as tame July inflation data cools rate hike bets](https://longbridge.com/en/news/295671322.md) - [Global bond yields hit multi-decade highs as governments pay the price for US.-Iran stalemate](https://longbridge.com/en/news/296209850.md) - [Selling grips bond markets from US to Japan as inflation, fiscal worries take hold](https://longbridge.com/en/news/296191732.md) - [TREASURIES-US Treasury yields tick higher; inflation outlook helps cool hike bets](https://longbridge.com/en/news/293199261.md) - [TREASURIES-US yields edge lower despite Iran worries, broader sell-off](https://longbridge.com/en/news/296271564.md)