Stock Market Recap — Sep 29, 2026
Thirty-year Treasury yield hits 2002 high while consumer confidence sinks
Long-term borrowing costs dominated the US market read despite weaker economic data and a late retreat in expectations for another Fed increase. Oil reversed its early gain, while large financing plans and company-specific announcements supplied the clearest equity catalysts. • Rates/Economy: The 30-year Treasury yield reached 5.612%, its highest since 2002, and the 10-year yield touched 5.289%. Consumer confidence fell to its lowest since 2014, and job openings missed estimates. The two-year yield eased after New York Fed President John Williams said another rate increase was not urgent. • Oil Supply: Brent reversed an early gain and fell 2.6% to $102.59 as Middle Eastern exports recovered. The Energy Department also proposed lending up to 40 million additional barrels from the Strategic Petroleum Reserve. • Acquisition Credit: Paramount marketed roughly $52 billion in bonds and loans for its Warner acquisition. Analysts questioned its cost-savings target and warned that higher borrowing rates could substantially increase annual interest expense. • Defense/Aerospace: The Navy selected Boeing over Northrop Grumman for a fighter contract worth more than $20 billion. The award followed news of an FAA review of a 737 Max software glitch. • Mortgage Pricing: Fair Isaac shares opened about 20% lower after a housing official said VantageScore would join FICO Classic on a federal mortgage-pricing grid.
Intraday Updates
- 00:00 ET: Middle East oil exports rebound despite the US-Iran deadlock (46 stories)
- 04:58 ET: Australia raises rates to 15-year high as Shell approves LNG Canada expansion (70 stories)
- 09:00 ET: China subsidizes first-home mortgages as CarMax beats earnings forecasts (100 stories)
- 12:00 ET: Thirty-year Treasury yield hits 2002 high as consumer confidence falls to 2014 low (100 stories)
- 16:56 ET: Paramount markets $52 billion in Warner debt as OpenAI seeks $30 billion in funding (73 stories)
- 21:34 ET: Boeing wins Navy fighter award worth over $20 billion as Tesla secures $30 billion in credit (52 stories)