Markets News, Sept. 24, 2026: Dow Closes Lower for 3rd Straight Session; Treasury Yields, Oil Prices Rise
The Dow closed lower for a third consecutive session as U.S. Treasury yields climbed, with the 30-year bond yield reaching its highest level since 2004. This surge in yields is weighing on tech stocks and pushing stock futures lower. Simultaneously, oil prices have risen while global bond markets remain volatile. Federal Reserve officials, including Kevin Warsh, now face new challenges as bond yields hit the 5% mark, signaling a potential shift in the economic era.
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- โ The 30-year Treasury yield has reached its highest level since 2004.
- โ Treasury yields are climbing.
What changed
The 30-year Treasury yield reached its highest level since 2004.
Live updates
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30-Year Treasury Yields Hit 2004 High as Bond Selloff Deepens
The Dow closed lower for a third consecutive session as U.S. Treasury yields climbed, with the 30-year bond yield reaching its highest level since 2004. This surge in yields is weighing on tech stocks and pushing stock futures lower. Simultaneously, oil prices have risen while global bond markets remain volatile. Federal Reserve officials, including Kevin Warsh, now face new challenges as bond yields hit the 5% mark, signaling a potential shift in the economic era.
Why it matters
Rising Treasury yields typically increase borrowing costs and reduce the present value of future corporate earnings, which often pressures equity valuations. The current volatility occurs as markets anticipate a summit between Donald Trump and Xi Jinping.
What is confirmed
- The 30-year Treasury yield has reached its highest level since 2004.
- Oil prices are rising.
- Treasury yields are climbing.
Still unconfirmed
- Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed.
What to watch next
- Outcomes of the Trump-Xi summit
- Further movement in 30-year Treasury yields
- Federal Reserve policy responses to surging yields
confidence 90%Sources used for this update (11)
- Reuters โ US 30-year bond yield rises to highest since 2004 as selloff deepens
- Investopedia โ Stock Market Today: Futures Fall as Treasury Yields Continue to Climb; Tech Stocks Weigh; Trump-Xi Summit on Tap
- finance.yahoo.com โ 30-year Treasury yield hits highest level since 2004 โ what it means for stocks: Chart of the Day
- The New York Times โ Bond Markets Are on Edge and Oil Prices Rise
- CNBC โ Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed
- AP News โ Why bond yields are rising and why everyone should care
- Bloomberg.com โ Bond Yields at 5% Mark New Era 'Until Something Breaks'
- Reuters โ COMMENTARY: Trading Day: Rout of control
- ft.com โ Bonds can keep falling
- cnbc.com โ U.S. Treasury yields tick higher as global bond rout slows
- seekingalpha.com โ Weekly Commentary: Too Big To Fail Redux
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