10-year Treasury yield hits highest level since 2002 as stocks retreat: AlphaCheck Ines Ferré · Senior Business Reporter Wed, October 7, 2026 at 9:46 AM EDT 1 min read ^TNX +1.58% SPCX -1.86% TLK +0.54% AMD -1.40% NVDA -0.36% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Good morning. Stocks retreated on Wednesday as long-dated bonds climbed again and Brent crude oil futures (BZ=F) rose back above $100 per barrel.
The 10-year Treasury (^TNX) yield, used as a benchmark for mortgages and other loans, rose to 5.34%, its highest level since 2002. Meanwhile, the 2-year Treasury climbed to 4.82%.
Stocks are coming off all-time highs, though the breadth of the market rally has deteriorated in recent weeks.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) stocks retreated with AI chip giants Nvidia (NVDA) and AMD (AMD) falling from all-time highs.
SpaceX (SPCX) shares dropped more than 1% as the Elon Musk-led company seeks to borrow $40 billion to fund the purchase of Nvidia chips, according to Bloomberg.
Bitcoin (BTC-USD) tumbled more than 3% to trade near $83,000 per token.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Marvell (MRVL), Webull (BULL), and Constellation Brands (STZ).
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