10-year Treasury yield hits highest level since 2002 as stocks retreat: AlphaCheck

Oct 7, 2026
10-year-treasury-yield-hits-highest-level-since-2002-as-stocks-retreat:-alphacheck

Ines Ferré

1 min read

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.

Sector action on Wednesday, Oct. 7.

Sector action on Wednesday, Oct. 7.
S&P 500 sectors on Monday, Oct. 5.

Tech (XLK) stocks retreated, with AI chip giants Nvidia (NVDA) and AMD (AMD) falling from all-time highs.

SpaceX (SPCX) stock 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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