News brief · Thursday, September 24, 2026
Surging Bond Yields Press US Indices; US-China Trade Truce Extended
A sharp rise in US and Japanese bond yields weighed on Wall Street, pushing the Nasdaq down 1.13%. As the US and China extend their trade truce into January, traders now turn their focus to US jobless claims data.
Reviewed by Tom · Trader & founder of OrderFlowFutures
Macro & Bonds: Global Yield Pressure
- Surge in US Yields: The US 10-year Treasury yield rose to 5.11%, its highest level since 2007, while the 5-year yield crossed above the 5% threshold.
- Stronger PMI Data: Bond market tension was driven by a stronger-than-expected US S&P Global PMI reading, highlighting economic resilience and fueling higher-for-longer rate expectations.
- Spillover to Japan: Following the sell-off in US Treasuries, Japan's 10-year government bond yield jumped to 3.058%, reaching a 30-year high.
Equities & Indices: Wall Street Pullback
- US Indices Decline: Following record highs earlier in the week, the Nasdaq slipped 1.13% to 26,936.04 points and the S&P 500 lost 0.75% to 7,706.03 points. The Dow Jones dropped 0.68% to 51,511.59 points.
- Key Stock Movers: Amazon (-2.24%) and McDonald's (-4.81%) dragged on performance, whereas Salesforce (+1.84%) and Chevron (+1.53%) mitigated losses on the Dow.
- US-China Trade Truce: US Treasury Secretary Scott Bessent announced an extension of the Busan trade truce until January 10, granting additional time for bilateral trade negotiations.
Key Events Today
- US Jobless Claims: Weekly US unemployment claims figures, which could drive volatility across ES and NQ futures and influence short-term rate expectations.
Brief compiled from the morning's news flow, AI-assisted and reviewed by the team. Not investment advice.
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