Indexes Rise to Open October; 10-Year Yield Hits 24-Year High — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- U.S. stock indexes opened higher to start October and Q4 trading, with the Dow, S&P 500, and Nasdaq all rising in early action.
- The 10-year Treasury yield hit a fresh 24-year high, with WSJ's parallel headline framing it as a resumed global bond selloff — a bond-market signal the equity-focused headlines downplay.
Why it matters: Stocks rising into a 24-year-high 10-year yield is an unusual divergence: the equity rally is narrow, driven by AI and tech names, while fixed income is selling off globally (per WSJ). Investors running rate-sensitive balance sheets face refinancing pressure at yields not seen since the early 2000s, even as the tech tape looks healthy on the surface.
Ask SkimNews
