Stock Market Today: Dow, Nasdaq Slip; 10-Year Treasury Hits 19-Year High

Live updates

1. 15m ago

   Treasury Yields Hit 19-Year Highs As Stocks Slide

   US stocks fell and Treasury yields surged to their highest levels since 2007, driven by hot economic readings and growing market fears that the Federal Reserve will implement additional interest rate hikes. The 10-year Treasury yield reached 5.1 percent, marking a 19-year high, while five-year yields breached 5 percent for the first time since 2007. Wall Street indexes including the Dow and Nasdaq slipped during intraday trading. Investors and consumers face mounting pressure from spiking borrowing costs, with 30-year mortgages hovering near 7 percent as markets price in an overheated economy.

   Why it matters

   Surging yields reflect intense bond market stress as investors reposition for a potentially more aggressive central bank. Hot economic data has fueled worries that inflation pressures remain persistent, forcing policymakers to keep rates elevated. This spike in borrowing costs affects consumer credit, corporate funding, and broader equity valuations across Wall Street.

   What is confirmed

   • The 10-year Treasury yield hit 5.1 percent, marking its highest level in 19 years since 2007.
   • US Treasury five-year yields breached 5 percent for the first time since 2007.
   • Wall Street stocks fell as bond yields surged amid fears of further Federal Reserve rate hikes.
   • Oil prices jumped back above $100.

   Still unconfirmed

   • Oil prices are approaching their longest losing streak in over a year.

   What to watch next

   • Upcoming Federal Reserve rate decisions and commentary
   • Further inflation and economic data releases
   • Treasury auction results and subsequent yield movements
   Sources used for this update (20)

   1. marketwatch.com — Stock Market Today: Dow, S&P 500 and Nasdaq set for steady start as oil prices approach longest losing streak in over a year
   2. Investopedia — Stock Market Today: Futures Slip After Nasdaq Closes at Fresh Record; Oil Prices, Treasury Yields Edge Higher
   3. WSJ — Stock Market Today: Dow, Nasdaq Slip; 10-Year Treasury Hits 19-Year High — Live Updates
   4. CNBC — 10-year Treasury yield leaps to fresh 19-year high after hot economic readings
   5. NBC News — Treasury yields surge to nearly 20-year high as oil jumps back above $100
   6. MarketWatch — Bond yields surge as Wall Street fears more potential Federal Reserve rate hikes
   7. Business Insider — Surging yields and 7% mortgages: Investors and consumers are jittery as interest rates spike
   8. Bloomberg.com — US Treasury Five-Year Yields Breach 5% for First Time Since 2007
   9. Reuters — US stocks fall as 10-year Treasury yield hits highest since 2007
   10. Yahoo Finance — 10-year Treasury yield hits highest level since 2007 as market prices in another Fed rate hike
   11. Financial Times — US Treasury yields soar most since ‘liberation day’ tariffs shook markets
   12. CNN — 10-year Treasury yield hits 5.1% for first time in 19 years
   confidence 100%