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10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Wall Street's main indexes opened higher on Thursday, October 1, 2026, buoyed by software stocks despite inflation and government debt concerns pushing U.S. Treasury yields to two-decade highs.
Rising Treasury yields hit levels not seen since 2002, reflecting investor anxiety over stubborn inflation and mounting government debt; fast-rising yields have rattled financial markets worldwide.
Technology stocks helped lead the market higher, with Micron Technology CEO Sanjay Mehrotra noting strong demand for memory chips and Alphabet climbing after releasing its new AI model, Gemini 4 Argon.
High yields slow the overall economy by making borrowing more expensive for everyone, while undercutting prices for stocks and other investments.
Uncertainty persists regarding the war with Iran and its potential to disrupt crude oil supplies, keeping pressure on inflation as markets monitor U.S. economic resilience.