Dow Jones futures fall as Treasury yields rise

By Alexander Osipovich Treasurys are selling off again ahead of today's release of Federal Reserve minutes, sending yields on 10-year and 30-year bonds to new multidecade highs. The 10-year yield rose to 5.337% in recent trading, on track for its highest settle since April 2002. The 30-year yield climbed to 5.716%, on pace for its highest settle since May 2002, according to Tradeweb data. Bond yields rise as their prices fall. The Treasury Department is set to hold an auction of 10-year notes later today, which will test demand for government debt. Multiple factors "are combining for a challenging mid-week trading session for fixed income," analysts at Societe Generale wrote this morning. The bank's analysts cited various factors: The possibility of hawkish thinking from Fed rate-setters, the rebound in oil prices, U.S. stocks hitting fresh highs, and reports of fresh funding plans from SpaceX. Technology giants have been on a huge borrowing spree to fund AI investments, a factor that has softened investors' demand for government debt. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 07, 2026 08:24 ET (12:24 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.