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10-Year Treasury Yield Hits 19-Year High at 5.08%

10/1/2026

The 10-Year Treasury yield climbed 11 basis points to 5.08% on September 23, marking a 19-year high as of 11:45 AM ET. This spike in bond yields halted a recent tech-led rally, causing the S&P 500 to fall 0.55% to 7,722.

The Nasdaq Composite dropped 0.91% to 26,993, while the Dow Jones Industrial Average slipped 0.54% to 51,582.

| Index | Change | Level | | :--- | :--- | :--- | | S&P 500 | -0.55% | 7,722 | | Nasdaq Composite | -0.91% | 26,993 | | Dow Jones Industrial Average | -0.54% | 51,582 | Gold traded down 1.88% to $4,283.13 during the session.

All sectors apart from energy stocks declined, with basic materials and consumer cyclicals recording the steepest losses.