# Stocks Drop as Treasury Yields Hit 24-Year High

> Treasury yields hit 24-year highs as stocks fall.
- Title: Stocks Drop as Treasury Yields Hit 24-Year High · Kiplinger
- Summary: Treasury yields hit 24-year highs as stocks fall. Stocks dropped as 10-year Treasury yields reached their highest level in 24 years, closing at 5.286%.
- Keywords: treasury yields, dow jones, sp500, nasdaq, federal reserve, stock market, bond yields, treasury bonds, Stocks, Drop, Treasury, Yields
- Source: Kiplinger — https://kiplinger.com/investing/stocks/stocks-fall-as-treasury-yields-hit-new-highs-stock-market-today
- Published: 2026-10-07T20:10:27+00:00
- Read time: 1 min
- Topics: treasury yields, dow jones, sp500, nasdaq, federal reserve, stock market, bond yields, treasury bonds
## Stocks Open Lower
Stocks opened lower Wednesday as the long-term Treasury yields hit their highest levels in 24 years.
## 10-Year Treasury Yield
The 10-year Treasury yield fell slightly after this afternoon's bond action but closed up 1.5 basis points at 5.286%.
## 30-Year Treasury Yield
The 30-year Treasury yield pulled back from its early morning peak but gained 3.0 basis points to 5.671%.
## Stock Market Benchmarks
The blue-chip Dow Jones Industrial Average fell 0.7% to 51,179, the broader S&P 500 shed 0.2% to 7,801, and the tech-heavy Nasdaq Composite gave back 0.2% to 27,538.
## Fed Meeting Minutes
The minutes from the most recent Fed meeting stated that changes in inflation compensation accounted for most of the net increase in shorter-maturity Treasury yields.
## Fed Rate Hike Expectations
Most committee members believe financial conditions remain supportive of economic growth, with the odds for an October rate hike dropping to 83%.
## Webull Sinks 19%
Webull sank 19.1% after a congressional committee flagged the online trading platform as a national security risk.
## Caterpillar and Deere Drop
Caterpillar and Deere closed lower after the Federal Trade Commission launched a public inquiry into agricultural equipment manufacturing practices.
## Key takeaway

Stocks dropped as 10-year Treasury yields reached their highest level in 24 years, closing at 5.286%.