Dow Falls 1,000 Points as 30-Year Treasury Yield Hits 5.2% on Fed Rate Hold

businessmacroeconomicsstocks 53 posts · 29 accounts

The Dow Jones industrial average fell more than 1,000 points on Wednesday after the Federal Reserve kept interest rates unchanged at 3.50%-3.75% and the 30-year Treasury yield surged to 5.20%.

The long-end rate jump reversed a brief relief rally, while oil prices approached $85 a barrel and the two-year Treasury yield declined. The selloff marked the Dow's 10th daily decline of at least 1,000 points in the past five years.

From the sources (25 posts)

@marketnews_feed

*NASDAQ 100 POISED TO ENTER CORRECTION WITH 10% DROP FROM RECORD

@financialjuice

NASDAQ 100 poised to enter correction with 10% drop from record

@firstsquawk

NASDAQ 100 SET FOR CORRECTION WITH A 10% DROP FROM ALL-TIME HIGH.

@wallstengine

NASDAQ 100 $QQQ ENTERS CORRECTION WITH 10% DROP FROM RECORD

@stockmktnewz

NASDAQ 100 ENTERS A CORRECTION The NASDAQ 100 $QQQ is now down by more than 10% below its most recent All Time Highs the technical definition of a CORRECTION 🔴

@stocksavvyshay

NASDAQ-100 $QQQ ENTERS CORRECTION TERRITORY

@zerohedge

*NASDAQ 100 POISED TO ENTER CORRECTION WITH 10% DROP FROM RECORD SNDK -50% in the past month. SNDU -83%

@ljkawa

This was indeed unprecedented: 30-year Treasury yields have never been up this much on a Fed decision while two-year yields fell this much, based on data going back to August 1987.

@zerohedge

*NASDAQ 100 DROPS 11% FROM JUNE RECORD TO ENTER CORRECTION

@kobeissiletter

There it is. US long-term borrowing costs are officially up to their highest level since 2007. The US 30Y Yield is now above 5.20%. "Higher for longer" is back.

@bulltheoryio

🚨BREAKING: $1 Trillion erased from US stocks in 30 minutes after the US 30-year Treasury yield hit a 19-year high of 5.2%, the highest level since 2007.

@kalshi_finance

JUST IN: Over $1,000,000,000,000 wiped out from U.S. stock market in the last 30 minutes

@ft

The 30-year Treasury yield, which moves with inflation expectations, jumped to 5.21 per cent, their highest level since mid-2007. Follow live updates:

@polymarketmoney

BREAKING: 30 year Treasury yield just hit its highest level in almost 19 years

@hedgeye

JUST IN: U.S. 30-year yield hits highest level since 2007

@maxcrypto

🩸ABSOLUTE BLOODBATH: $1,200,000,000,000 wiped out from the US stock market in just 40 minutes.

@geiger_capital

*30-YEAR YIELD HITS 5.20% FOR FIRST TIME SINCE 2007 Long end is throwing a tantrum.

@trendspider

Wow... The S&P 500 $SPY falls over $10 / share in minutes, erasing all of its gains and making new lows on the day.

@barchart

BREAKING 🚨: Stock Market S&P 500 plunges to lows of the day 📉 📉 Thanks a lot Warsh

@stockmktnewz

The 30 year 🇺🇸 Treasury yield just hit its highest level in almost 19 years

@wallstengine

The 30-year U.S. Treasury yield just hit 5.21%, its HIGHEST level in nearly 19 years

@financialjuice

Treasury 30-year yield tops 5.20% for the first time since 2007.

@negligible_cap

*TREASURY 30-YEAR YIELD TOPS 5.20% FOR FIRST TIME SINCE 2007 Anything big happen around '07 / '08?

@unusual_whales

BREAKING: Fed swaps no longer fully price in a September rate hike, per Bloomberg.

@barchart

JUST IN 🚨: 30-Year Treasury Yield soars to highest level since the run-up to the Global Financial Crisis 📈 📈

Fed Holds Rates at 3.50%-3.75% in 9-3 Vote, Warsh Says Bond Yields Already Tightened Conditions U.S. 30-Year Treasury Yields Hit 5.24%, a 19-Year High, on Fed Rate Hold