The 10-year Treasury yield eased to 5.085% on Thursday from a 24-year high of 5.36% last week, while the 30-year yield fell to 5.429% from 5.73%, its highest since 2002, as a semiconductor selloff drove investors into government bonds. According to The Kobeissi Letter, the Treasury raised the maximum size of its buybacks from $2 billion to at least $4 billion and later to $6 billion, but yields kept rising even after the increase. The iShares Semiconductor ETF (SOXX) closed down 0.91% at $514.71, while the S&P 500 rose 0.33% to 7,744.06 and the Nasdaq Composite rose 0.08% to 26,713.02. Yields remain elevated because surging oil prices, with Brent at $105.19 a barrel, have shifted the Fed outlook: the central bank raised rates in September and officials see another increase by year-end, while a near-$2 trillion deficit adds pressure. The article notes that an end to the Iran war could lower energy prices and let the Fed turn more dovish.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chip Rout Finally Does What Scott Bessent Buybacks Couldnt : Pulls Treasury Yields Back From 24 - Year High
Read the original on aol.com ↗
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/15/2026 | 217.23 |
| Change that session | -1.84% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/15/2026 | 728.00 |
| Change that session | -0.13% |
DXY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 101.98 |
| Change that session | -0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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