{
  "id": 10802846,
  "title": "US stocks fall as bond yields rise",
  "url": "https://urgent.news/2026/09/29/us-stocks-fall-as-bond-yields-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T22:48:01.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1872071-20260930.htm"
  },
  "original_language": "en",
  "account": "US stocks experienced a slight decline on Tuesday as government bond yields continued to rise, with the 30-year bond hitting 5.62 percent, its highest level since June 2002, and the 10-year Treasury bond climbing to 5.29 percent – its highest since June 2007. Investors were closely examining comments from Federal Reserve officials for insights into the future trajectory of interest rates. Initially, stocks pared their losses as yields eased from their earlier highs, and shorter-duration yields were down for the day. However, this sentiment shifted as oil prices retreated on signs of a potential recovery in Middle East exports and Federal Reserve Bank of New York President John Williams' comments. Williams indicated that the US central bank had time to consider the data before deciding on further interest rate hikes, causing expectations for a rate hike of at least 25 basis points from the Fed at its October meeting to decline to 51.5 percent, down from nearly 70 percent earlier in the session. The rising prices of crude and diesel fuel have exacerbated inflation concerns, contributing to the upward movement of US Treasury yields. Federal Reserve officials have also suggested that additional rate hikes may be necessary if inflationary pressures do not ease after the central bank raised rates by 25 basis points this month. Upcoming economic releases, including the Personal Consumption Expenditures Price Index and the government payrolls report, are expected to influence the direction of Federal Reserve policy. Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, noted that consumer sentiment and higher rates and gas prices could lead to selling pressure on consumer stocks. Higher yields increase the cost of capital, potentially making bonds a more attractive alternative to equities and impacting corporate earnings power. The Dow Jones Industrial Average closed 131 points, or 0.3 percent, lower at 51,349, while the S&P 500 fell 12 points, or 0.2 percent, to 7,670, and the Nasdaq Composite dropped 22 points, or 0.1 percent, to 26,797. AI-related stocks garnered attention as Anthropic's initial public offering prospectus revealed the AI lab's significant growth over the past year, along with wider losses. With a target valuation of over $1 trillion, Anthropic could set a benchmark for measuring AI leaders on Wall Street. Meta shares rose 3.3 percent, despite OpenAI's unveiling of always-on agents called \"dots\" aimed at users across various apps, perceived as a potential competitor to Meta's new Muse.",
  "summary": "US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labour market data, while investors assessed comments from Federal Reserve officials for the path of interest rates. Longer-dated US Treasury yields rose, with the 30-year bond hitting 5.62 percent, its highest since June 2002. The yield on the benchmark 10-year Treasury…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "Oil down, stocks lower as bond yields rise",
        "url": "https://urgent.news/2026/09/29/oil-down-stocks-lower-as-bond-yields-rise",
        "published": "2026-09-29T22:38:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}