# U.S. 10-Year Treasury Yield Hits 5.24% as Stocks Decline

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25155
Published: 2026-09-29T02:51:22.000Z
Updated: 2026-09-29T02:51:22.000Z
Section: Investing

> The benchmark yield reached its highest level since June 2007, while Brent crude fluctuated around $100 a barrel ahead of PCE-related data and the September jobs report.

The U.S. 10-year Treasury yield reached 5.24% on Sept. 28, its highest level since June 2007, as broad stock losses and upcoming economic data raised pressure on rate-sensitive markets.

The benchmark yield rose for a fifth consecutive session. The 30-year Treasury yield reached 5.56%, its highest level since 2004, as higher long-term borrowing costs continued to weigh on U.S. financial markets.

The four tracked U.S. stock indexes declined. The Dow Jones Industrial Average fell 347 points, while the S&P 500 dropped 0.77% and the Nasdaq Composite lost 0.92%. The Philadelphia Semiconductor Index fell more than 1.6%.

Technology shares also weakened. Meta declined 4.79%, Amazon fell 1.41% and Microsoft lost 1.35%. Qualcomm dropped 7.17% to $187.48, while Arm fell about 9% and Marvell declined about 5%.

Brent crude fluctuated around $100 a barrel as shipping through the Strait of Hormuz had not resumed after unsuccessful U.S.-Iran talks. Markets also worried that inflation could prompt the Federal Reserve to raise interest rates.

NVIDIA gained 1.68% to $228.86 as many other technology stocks fell. The move provided a notable exception within the sector, although semiconductor shares broadly remained under pressure.

Investors are awaiting PCE-related data Wednesday and the September jobs report Friday. Economists expect about 90,000 new jobs and an unemployment rate of 4.1%.

A stronger-than-expected jobs report would increase expectations for an October rate hike. A weaker report could shift market concerns toward stagflation.