Lighthouse Canton flags “rates shock” as U.S. 10 — year yield hits 5.13% on hot PMI, hawkish Fed talk

Lighthouse Canton flagged a “rates shock” as hot US flash PMIs, sticky prices, hawkish Fed messaging drove Treasury yields to multi-year highs. UST 10y traded near 5.13% and the 2y near 4.91%; the 5-year topped 5% for the first time since 2007. A weak 5-year auction stopped at 5.033% versus 4.393% previously; CME FedWatch October hike odds rose to about 73%. Equities sold off on a higher-rate valuation hit; Nasdaq dropped to 26,936.04 from 27,244.28, S&P still failed to confirm August highs. Brent crude eased to about $97.40, briefly rebounded near $103 on Iran headlines; softer oil failed to offset the duration selloff. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lighthouse Canton Pte Ltd published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)