News

Risk appetite among money managers is starting to fade as they contend with bond-market volatility and the possibility of a Democratic win in the midterm elections. The biggest tail risk for markets is now a disorderly rise in bond yields, survey results showed—replacing “AI bubble” from last month’s survey. The results were taken even before the global bond selloff gathered steam this week, which has pushed the 10-year Treasury yield past 5%.

FEATURE Stock futures were falling on Tuesday as a rally in oil prices drove the yield to its highest level in more than 19 years. Chip and memory stocks were edging higher, having taken a battering on Monday after several top executives called for a slowdown in AI development.

The 10-year yield hits its highest level in more than 19 years, summing up investors’ worries about a flurry of Fed interest-rate hikes.

Investors braced for the Federal Reserve's interest rate decision on Wednesday and monitored the fallout from Anthropic CEO Dario Amodei's essay on AI safety fears.

The yield on Treasury notes expiring in a decade has officially pushed past 5%. The 10-year yield is trading at 5.011%, its highest level since July 19, 2007, when it was as high as 5.069%, according to Dow Jones Market Data.

Here's a check of the markets in the first few minutes of trading.

The yield on the 10-year U.S. Treasury note is still hovering just below 5%, pushed in different directions Monday by energy and stock markets. Treasury yields, which rise when bond prices fall, have been closely tracking oil prices, which were up again Monday. The 10-year yield was choppy Friday but ultimately ended the day higher after slightly warmer-than-expected inflation data reinforced bets that the Federal Reserve will vote to raise interest rates at its meeting Wednesday.

The 10-year Treasury yield briefly rose past 5% on Monday, breaching the threshold for the first time since October.

The 10-year Treasury yield rose past 5% on Monday, breaching the threshold for the first time since October.

The 10-year Treasury yield rose toward the 5% level on Monday.

The CEOs of Anthropic and OpenAI spooked markets, while investors monitored rising oil prices and an upcoming Fed rate decision.

The Fed is now being forced into a hike that will preserve its credibility. That could be good for stocks and long-term bonds.

Here's a check of the markets in the first few minutes of trading.

The yield on the 10-year Treasury note is holding below 5% after new data showed core consumer prices rising more than expected last month. The report reinforced bets that the Federal Reserve could raise interest rates next week, leading to an uptick in short-term Treasury yields, which are especially sensitive to the rate outlook.

Today's wholesale inflation data sets the stage for tomorrow's consumer price index release, with investors watching closely for signs inflation is spreading beyond energy. The producer price index rose as expected in August, which prompted a move lower in equities, intensified bond yield rises, and caused a jump in odds of a rate hike from the Federal Reserve. The S&P 500 dropped 0.6% while the Nasdaq Composite declined 0.6%.

For all the alarm surrounding the bond market, investors appear hungry for the long-end debt. The Treasury auctioned $22 billion worth of 30-year debt at 1 p.m. Investor demand was strong as reflected by the yield of 5.308% offered by the government.It was lower than the pre-bidding deadline, a sign the Treasury didn't have to entice investors with higher payouts to buy its debt. Dealers–those who purchase the leftover debt–bought just 2.2% of the supply, the lowest on-record, according to BMO.

For the past two years, the Treasury has quietly performed its buybacks without much ado. Since May 2024, the Treasury has been taking away older longer-duration bonds from investors. The Treasury also improved the bond market's liquidity, a win-win for both parties.

Government bond yields are climbing around the world again, with the yield on the 10-year U.S. Treasury note moving closer to 5%. Here are some of forces driving them higher today: Rising oil prices.

The ECB lifted some of its inflation forecasts and warned inflation is “set to remain well above target for an extended period.” Capital Economics described the ECB's latest language as “somewhat hawkish.” ECB decisions aren’t usually a major focus for U.S. investors, but the statement appeared to add fuel to the selloff in the U.S. Treasury market, which was already under pressure from higher oil prices.

Stocks were down on Thursday as investors watched for stress signs in the bond market as long dated bond yields as oil prices remain elevated .

Investors eyed Treasury yields as oil prices jumped on Thursday

The 10-year Treasury yield is meaningfully higher this morning, taking a cue from the relentless run-up in oil prices and the latest inflation data. The yield on a bond maturing in a decade is at 4.914%, the highest intraday level since October 31, 2023.

The market reaction to President Trump’s proposal to give Americans $5,000? Let’s see. Bond yields, already at their highest level in years, ticked higher early Thursday after the president held out the prospect of a dividend payment should Republicans retain control of congress in the midterms.

Stocks looked to regain their footing after three days of declines.

Secretary Bessent’s activist approach to markets gets mixed reviews on Wall Street.

The U.S. Treasury announced it will be buying back $6 billion in long-term debt, but it failed to wow investors who were expecting the number to come in as high as $10 billion. The S&P 500 slid 0.6%, while the Nasdaq Composite fell 0.8%. The rise in Treasury yields continued, with the 10-year yield passing 4.85%, its highest intraday level since 2023.

Stocks fell on Monday as long-dated bond yields continued to climb amid surging oil prices, raising concerns that the Federal Reserve will need to hike rates at its policy meeting next week.

Stocks were under pressure as oil prices continued their journey upward and traders shifted their expectations of a Fed rate hike in September.

The Treasury is issuing $119 billion worth of 3-, 10-, and 30-year bonds while investors await a surge in corporate debt issuance. The week after Labor Day is typically a busy time for corporate bond issuance because the calendar period hits the right spot: after the summer lull and before the winter holidays. About $65 billion worth of investment-grade bonds get issued, on average.

Weakness in preferred shares from Bank of America, Wells Fargo, and other major banks suggests investors expect interest rates to remain elevated.