--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — 10-Year Yield Tops 5%, Highest Since 2007" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000912059.md" description: "A blowout US PMI pushed the 10-year Treasury yield through 5% to a 19-year high, lifting October hike odds to about 70% and ending the Nasdaq's record run. After the bell, Meta used Connect to push Mu..." datetime: "2026-09-24T02:59:20.000Z" locales: - [en](https://longbridge.com/en/topics/100000000912059.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000912059.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000912059.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — 10-Year Yield Tops 5%, Highest Since 2007 A blowout US PMI pushed the 10-year Treasury yield through 5% to a 19-year high, lifting October hike odds to about 70% and ending the Nasdaq's record run. After the bell, Meta used Connect to push Muse onto glasses and a new pendant. Let's dig in 👇 **💬 With the 10-year yield above 5%, are you trimming growth stocks or buying this dip?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Yields Break 5% **🔑 Key Event:** A 58.4 flash PMI, the strongest since 2021, sent the 10-year yield to about 5.11%, **its highest since July 2007**; Fed Governor Barr called more hikes "likely." $NASDAQ Composite Index(.IXIC.US) **-1.13%**, $S&P 500(.SPX.US) **-0.75%**, $Dow Jones Industrial Average(.DJI.US) **-0.68%**. > @koolgal : When rates go up, asset prices are supposed to go down. Yet time and time again, the Fed drops a heavy rate hike on the table and Wall Street throws a party instead. **👀 Other to Watch** - $Alphabet(GOOGL.US) → **-3.8%** as Muse fears spread to search; Expedia (EXPE) **-7.7%**, Airbnb (ABNB) **-7.6%**. - $Micron Tech(MU.US) → **-2.2%** as Shkreli turned short, while Citi lifted its target to $1,300 before Sept 30 earnings. - $Meta Platforms(META.US) → **+1.0%**; at Connect it brought Muse to its smart glasses and unveiled $1,299 VR Glasses plus a Muse Charm pendant. - $SpaceX(SPCX.US) → **-4.1%** on COO Shotwell's $52M share sale ahead of today's 328M-share lockup expiry. - Bitcoin slid below $85,000 as yields spiked; $Strategy(MSTR.US) **-3.1%**. ### 🇸🇬 Singapore — STI Slips as US Yields Bite **🔑 Key Event:** $FTSE Straits Times Index(STI.SG) eased **-0.24%** to 5,710 Wednesday and opened about **-0.5%** lower this morning as US yields bit; $CityDev(C09.SG) **+3.7%** led Wednesday. **👀 Other to Watch** - $DBS(D05.SG) **-0.7%**, $UOB(U11.SG) **-1.0%**, $OCBC Bank(O39.SG) flat this morning despite higher US yields. > @TheInvestingIguana : Everyone read the Fed hike as good news for UOB... but UOB's yield gap to my hurdle widened, it didn't narrow. - $ST Engineering(S63.SG) → signed three multi-year Collins Aerospace component deals and a Hebei Airlines engine contract. ### 🇭🇰 HK/China — Beijing's AI Probe Sinks Zhipu **🔑 Key Event:** $Z.AI(02513.HK) crashed **-12%** and $MINIMAX-W(00100.HK) **-4.0%** after The Information reported Beijing is probing DeepSeek and Moonshot over earlier Anthropic claims. $BABA-W(09988.HK) **-4.4%** and $TENCENT(00700.HK) **-2.1%** dragged $Hang Seng Index(00HSI.HK) **-1.01%** below 25,000; **-0.4%** more today. > @LazyCat : Zhipu may face intense scrutiny in the near term, souring sentiment towards its shares. Rivals like MiniMax, Tencent or Alibaba could cannibalise its market share if corporate users steer away from ZCode. **👀 Other to Watch** - $XIAOMI-W(01810.HK) → **-3.7%** Wednesday, then launched the 18 Pro from 5,999 yuan on Qualcomm's 2nm chip; **+0.3%** today. - $JOYSON ELEC(00699.HK) → **+5.5%** this morning after Tesla audited its Ningbo plant for Optimus parts. ### 🌍 **Other to Watch** - 🇺🇸🇨🇳 Xi Jinping began a Washington state visit; Bessent said the trade truce is extended two months to January 10. Leaders meet today. - 🌍 Brent crude jumped **+3.9%** to $103.08, snapping a five-day slide, as Iran said Hormuz stays shut. ## 📅 Upcoming Key Events | **When (SGT)** | **What** | | ----------------------- | --------------------------------------------------------------------------------------------------- | | **Thu 24 Sept (today)** | 🇺🇸 Accenture & Darden earnings, about 8pm 🇺🇸 Meta Connect 2026, day 2 🇨🇳 Yunqi Summit concludes | | **Fri 25 Sept** | **🇺🇸** $Costco Wholesale(COST.US) **earnings, about 4am** | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Sept 24, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [C09.SG](https://longbridge.com/en/quote/C09.SG.md) ## Comments (47) - **TheCollector · 2026-09-24T15:53:14.000Z**: We're now seeing another 4 rate hikes for the following year. that's 100 basis points or 1%. That's not friendly for the stock market. - **Dacai · 2026-09-24T14:47:54.000Z**: Fxed deposit rates are going up so the impact of the US Fed rate hike is already being felt. I think local banks will still be resilient so I don’t worry my head over short term fluctuations. - **NewUser_oPJWOU · 2026-09-24T12:10:50.000Z**: Well the truth is: short term volatility is unavoidable and is "the new normal", or at least when Trump is still in office. Normally we would be used to seeing slower but longer period of growth, hitting new highs before another period of retracing and consolidating. However, with Trump's ta - **NewUser_hCn26 · 2026-09-24T11:58:41.000Z**: Surging 10-year yields past 5% inevitably triggers short-term growth multiple compression. However, Meta’s Connect hardware push highlights how real-world AI deployment keeps accelerating. Volatility creates opportunity—view yield-driven dips in core AI hardware and platforms as strategic entry poin - **Tiffany lover · 2026-09-24T11:15:40.000Z**: PMI reached its strongest level since 2021, pushing the 10-year yield to around 5.11%, a new high since July 2007.US Treasury prices plunged to historic lows.If rate hike expectations for November are already over 70%, does it make sense for US Treasury prices to fall? - **CoinYeye · 2026-09-24T10:53:06.000Z**: The 10-year yield above 5% is a major warning for growth stocks. I’d stay selective, watch rate expectations closely, and look for opportunities only when valuations and technical support align. - **Vt3 · 2026-09-24T10:43:14.000Z**: This will happens cos so many stocks from now to end Oct will behave as such … - **Vt3 · 2026-09-24T10:41:50.000Z**: Later session is belonging to the buyer market then don’t worry cos tmr will be back to seller market after that it will keep repeating … - **Vt3 · 2026-09-24T10:40:21.000Z**: Only eat as much as you chew on your plate - **Vt3 · 2026-09-24T10:35:58.000Z**: The thing is within less than 24hours it turning table to note - **The · 2026-09-24T10:06:58.000Z**: Meta Platforms Hong Kong Stock increases out of many shares decrease.For local company CityDev stock rises out other local stocks. Qualcomm and Jayson Hong Kong report increase of shares. Brent crude reports positive is a good news. However, how will it affect the whole product prices requiring oil - **TheRaccoonAnalysis · 2026-09-24T09:03:41.000Z**: The strong 58.4 flash PMI signals resilient economic activity, reinforcing expectations that inflationary pressures may remain persistent. The resulting rise in the 10-year Treasury yield to around 5.11%, alongside Barr’s comments that further rate hikes are likely, increases discount-rate pressure - **0wMYbg · 2026-09-24T09:01:56.000Z**: Nooo VIX is at 16 already with so much uncertainty😔. It’s time to accumulate great stocks at lower prices 🎉🎉 ride through the volatility - **Valenxis · 2026-09-24T08:45:31.000Z**: painful got sg reits holder. also bond yield going up will have some pressure on stocks. btc is so strong, rocketing, joining in the fun lol - **koolgal · 2026-09-24T08:13:42.000Z · 👍 1**: 🌟🌟🌟The market just threw a bucket of cold water on our record breaking tech party. A scorching hot US PMI reignites expectations of an October rate hike to 70%, reminding everyone that economic resilience can quickly warp into an overheated nightmare.The 10 year Treasury yield punched through the c - **Vt3** (2026-09-24T10:32:02.000Z): YES I never use time to worry - **koolgal** (2026-09-24T12:21:23.000Z): Good idea👍👍👍 - **Fattycat · 2026-09-24T07:44:32.000Z · 👍 2**: The 4 hourly chart shows a clear Head and Shoulders top.Left shoulder near 4,400–4,440, head spiked to 4,720, right shoulder lower at 4,480–4,520. Neckline support sits at 4,200–4,240. The chart shows falling RSI and price along lower Bollinger Band and has confirmed strong downward momentum.🫣. Mayb - **Fattycat** (2026-09-24T16:30:01.000Z): Gold spike $30 now after ……US and Iran discuss phased deal to reopen Hormuz and end US blockade.. good news 😆 - **Darkwinter · 2026-09-24T07:39:49.000Z · 👍 1**: The yield is going up, means stocks would be going down.. It’s also linked to oil and inflation. - **Fattycat** (2026-09-24T07:41:18.000Z): Gold has already take the lead 🤭 - **win win · 2026-09-24T06:28:45.000Z · 👍 1**: 10 years bonds yield above 5%. highest since 2007. What does it mean ? is the Bond trading price lower ? that's why the Bond now gets a higher yield ? - **Captain Leo** (2026-09-24T10:45:05.000Z): Asking what sits underneath the headline number, rather than jumping to a view, is the step most of this thread went past. Anyone here who holds Treasuries directly, worth walking through how the pric --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**