From Detroitnews · · 1m 10s
Equities rebound as Treasury yields recede
US stocks rise after Treasury yields drop.
In brief
US stocks rise after Treasury yields drop. US equities closed higher as Treasury yields fell after Fed signals eased rate hike fears. Originally reported by Detroitnews.
Stocks rebound after early losses
US stocks recovered from early losses to close higher on Thursday with the S&P 500 bouncing from a two-week low as a global bond selloff reversed course.
Labor market shows strength
Weekly initial jobless claims dipped to 197,000 below the 200,000 forecast indicating a solid labor market ahead of Friday's payrolls report.
Treasury yields hit 24-year high
The benchmark 10-year Treasury note US10YT=RR hit a 24-year high after closing out September with its biggest quarterly gain since 1994.
Fed signals rate patience
Fed Vice Chair Philip Jefferson suggested the central bank may be patient before hiking rates again following a 25 basis point September hike.
Treasury yields drop sharply
The two-year US2YT=RR Treasury yield dropped nearly 10 basis points and was poised for its biggest daily drop since August 2025.
Market reaction to Fed comments
Scott Welch, chief investment officer at Certuity, said markets are not cheap and expect higher volatility in equities and bonds despite valuation drops.
The key point
US equities closed higher as Treasury yields fell after Fed signals eased rate hike fears.
