Published • loading... • Updated
Bond Yields Eased After Reaching Decades-Long Highs But Oil Jumped. Stocks Edged Up.
Treasury yields fell after Fed comments and softer inflation data, easing rate-hike fears as the 10-year note retreated from a 24-year high.
- On Thursday, October 1, US stocks recovered from early losses to close slightly higher as the S&P 500 bounced from a two-week low and US Treasury yields retreated from multi-decade highs.
- Treasury yields had previously extended gains to hit 24-year highs after the Institute for Supply Management reported manufacturing PMI dipped to 54.5 in September from 54.6 in August, revealing an unexpected jump in input prices.
- Fed Vice-Chair Philip Jefferson suggested the central bank may exercise patience before hiking rates again, prompting the two-year Treasury yield to drop about 10 basis points in its biggest daily decline since August 2025.
- Micron Technology closed 3% higher as a better-than-expected revenue forecast and $32 billion in customer commitments under supply agreements reinforced confidence in the artificial intelligence trade.
- While the labor market remains on solid footing ahead of Friday's payrolls report, Minneapolis Federal Reserve President Neel Kashkari noted inflation measures are still elevated at around a 3% rate, expecting additional rate increases will be needed into 2027.
Insights by Ground AI
11 Articles
11 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 1st (local time), the New York stock market fluctuated in line with the movement of U.S. Treasury yields before closing slightly higher.
·Seoul, Korea (the Republic of)
Read Full Article
US stocks: US market rebounds to close higher as surging Treasury yields recede
US stocks recovered from earlier losses, with the S&P 500 bouncing back after a global bond selloff. The Labor Department reported a dip in weekly initial jobless claims, indicating a solid labor market. Oil prices surged, raising inflation concerns as Brent crude settled significantly higher. Technology shares also showed strength, particularly after Accenture's positive revenue forecast.
·India
Read Full Article
Coverage Details
Total News Sources11
Leaning Left0Leaning Right4Center4Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
