9/23, 2026
I found this in the WSJ dated tomorrow. The guy they quote at the end is clue less, this will affect the markets as we move into October. Rates, Oil prices, two wars, 040 T in debt, yeah things are great
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Then at 1 p.m., the federal government’s auction of fresh 5-year Treasury notes was met with weak demand. The notes were sold at a yield well above what traders had anticipated, and bond dealers that are required to bid at auctions were forced to take down an unusually large share, pointing to a lack of interest from other potential buyers.
Investors had little interest buying bonds right when their prices were tumbling. The poor result only caused more alarm, driving yields still higher.
All in, it was the worst day in nearly 18 months for U.S. government bonds. Major stock indexes also slipped, but not as far as some traders might have expected on a day when debt benchmarks that affect rates on everything from corporate bonds to mortgages soared.
The S&P 500 dropped 0.8%, the Nasdaq composite retreated 1.1% and the Dow industrials fell 0.7%, or 352 points.
“Risk markets seem to be handling this fairly well. It really seems to be a rate market problem,” said Scott Kimball, chief investment officer for fixed income at Loop Capital Asset Management.
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