10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Traders raised bets on more Federal Reserve hikes after hotter economic data and higher oil prices pushed borrowing costs up across markets.
- On Wednesday, September 23, 2026, US shares dropped while the benchmark 10-year Treasury yield jumped to 5.054%, its highest level since 2007, after data showed business activity accelerated to a more than five-year high.
- S&P Global reported the flash US Composite PMI Output Index increased to 58.4 this month, its highest level since July 2021, fueling expectations for further Federal Reserve interest rate hikes.
- Fed funds futures traders are now pricing in 73% odds of an October rate hike, while the interest-rate sensitive 2-year Treasury yield rose to 4.862%, marking its highest level since June 2024.
- Higher interest rate expectations pushed the dollar to multi-week highs against the euro, which dropped 0.5% to $1.1389, as analysts noted the data underscores the Federal Reserve's hawkish policy stance.
- Brent crude oil futures for November delivery fell 0.8% to $98.49 a barrel, marking the longest losing streak since August 2025, as markets balance economic data against ongoing geopolitical uncertainties.
383 Articles
383 Articles
Global bond selloff rolls on
US long-dated Treasury yields rose to their highest in more than 20 years yesterday, extending a global selloff that has accelerated on worries that high energy costs, resilient economic growth and increased government spending will keep inflation elevated.
MY Northwest
Jonesboro SunA reprieve from rising oil prices helps steady the US stock and bond markets
NEW YORK (AP) — A cooldown in oil prices is helping to release some of the pressure that’s built up on Wall Street, and U.S. stocks are ticking higher. The
Bluefield Daily Telegraph
A shaky day for oil prices and the bond market leaves US stocks not far from where they started
Stocks ended a shaky day of trading on Wall Street roughly where they began following a couple sudden reversals. The S&P 500 finished Thursday nearly flat and edged down by less than 0.1% following several turns between losses and gains.…
Bowen Island Undercurrent
US stocks end barely changed on a newly shaky Wall Street after a couple reversals
NEW YORK (AP) — Stocks on a suddenly shaky Wall Street ended the day roughly back where they started after whipping through a couple reversals. The S&P 500 was virtually unchanged Thursday following several turns between losses and gains.
Idaho State Journal
US stocks swing with bond yields and oil prices before recovering much of their losses
Stocks on a suddenly shaky Wall Street are roughly back to where they began the day after whipping through a couple reversals. The S&P 500 was virtually unchanged Thursday following several turns between losses and gains. The Dow Jones Industrial…
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