US stock markets open in red after September CPI beats expectation at 3.7%; bond yields surge and tech stocks plunge
The annual rate of inflation increased by 3.7% for September 2026, as compared to 3.4% in the previous two months and higher than the market expectations of 3.6%. Following the above expected inflation print, bond yields recouped all the lost ground in the past few trading days. The US 10Y bond yields surged back above 5.3%
The annual rate of inflation increased by 3.7% for September 2026, as compared to 3.4% in the previous two months and higher than the market expectations of 3.6%. Following the above expected inflation print, bond yields recouped all the lost ground in the past few trading days. The US 10Y bond yields surged back above 5.3%
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