US Stocks Fall as 10-Year Yield Hits 5.03%, Highest Since 2007
Updated
Updated · Bloomberg · Sep 15
US Stocks Fall as 10-Year Yield Hits 5.03%, Highest Since 2007
3 articles · Updated · Bloomberg · Sep 15
Summary
The S&P 500 fell 0.4% and the Nasdaq 100 lost 0.5% by 12:42 p.m. in New York as Treasury yields climbed ahead of the Federal Reserve’s Wednesday rate decision.
The 10-year Treasury yield rose 4 basis points to 5.03%—its highest level in 19 years—before easing back to 5.00%, pressuring equities by lifting borrowing costs and bond-market competition.
Traders are broadly expecting the Fed to raise interest rates, keeping markets focused on whether policymakers will signal even tighter financial conditions after the decision.
The move extends a selloff already driven by rising yields, with Wall Street increasingly sensitive to higher long-term rates as September trading weakens.