Word arrived that bad news had cheered the lenders, briefly. The ten-year Treasury yield fell to 5.155% on the morning of the weak jobs report and closed at 5.26%, because fewer Fed hikes could mean hotter prices. Traders see a 78% chance of an October hold and still expect a December hike.
On the morning of the weak September jobs report the ten-year Treasury yield fell to 5.155%, but by the close it was back up at 5.26%, because investors worried that a Fed that hikes less leaves inflation hotter; traders see a 78% chance the Fed holds in October and still expect a hike in December.
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10-year Treasury yield dives after much weaker-than-expected jobs report
CNBC · Oct 2, 2026
