The 10-Year Treasury Yield Is Near a 24-Year High. History Says Stock Investors Should Do This 1 Thing.

The 10-year U.S. Treasury yield reached 5.36% on October 7, 2026, its highest level since 2002, driven by persistent inflation, Federal Reserve rate hikes, a large federal budget deficit, and competition from AI infrastructure debt. With high Treasury yields making stocks less attractive, history suggests investors should focus on high-quality dividend-growth stocks with inflation-protected cash flows rather than stocks dependent on low rates.