# Surging Bond Yields Press US Indices; US-China Trade Truce Extended : Thursday, September 24, 2026

- Source: https://orderflowfutures.com/en/news/2026-09-24
- Site: OrderFlowFutures (https://orderflowfutures.com)
- Edited by: Tom, Trader & founder of OrderFlowFutures (https://orderflowfutures.com/a-propos#auteur)
- Published: 2026-09-24
- Updated: 2026-09-24
- Reuse: free to quote and cite, with attribution to OrderFlowFutures and a link to the source URL.

> 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.

## 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 before publication. Not investment advice.*