π The yield on the benchmark 10-year US Treasury briefly reached 5% on 14 September, the first time it had touched that level since 2023, before easing back to 4.96%, according to the Associated Press.
Higher oil prices intensified inflation concerns. Brent crude traded at $105.76 a barrel after nearing $110, while the Guardian reported the global benchmark rose above $108 during the day.
The move matters because the 10-year Treasury yield is a key benchmark for borrowing costs. AP said the rise had already made borrowing more expensive for US households and companies, including through mortgage rates.
π Stocks tied to artificial intelligence also fell, though broader market gains limited the S&P 500's decline to 0.3% in afternoon trading. Investors were awaiting the Federal Reserve's interest-rate decision on Wednesday.