{"id":437393,"date":"2026-09-02T18:13:52","date_gmt":"2026-09-02T11:13:52","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/wall-street-poised-for-another-soft-start-as-higher-bond-yields-continue-to-bite-437393\/"},"modified":"2026-09-02T18:13:52","modified_gmt":"2026-09-02T11:13:52","slug":"wall-street-poised-for-another-soft-start-as-higher-bond-yields-continue-to-bite","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/wall-street-poised-for-another-soft-start-as-higher-bond-yields-continue-to-bite-437393\/","title":{"rendered":"Wall Street poised for another soft start as higher bond yields continue to bite"},"content":{"rendered":"
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Things are looking down again for Wall Street today, with US futures pointing lower ahead of the open later. S&P 500 futures are down by 0.3% with Nasdaq futures down by 0.6% currently.<\/p>\n

On the charts, the fall this week isn’t all too damaging after the jump higher in August. However, there is plenty of caution up in the air – not least with the surge higher in global bond yields in the past week.<\/p>\n

For some context:\u00a0The tectonic shift that is taking place in the bond market<\/a><\/p>\n

US 10-year yields are continuing to push up, rising to 4.81% now – the highest since October 2023. And that is being accompanied by a surge higher in yields in the likes of Europe and Japan too.<\/p>\n

It is not so much a singular event but a wave that is taking over, and that can get a little spooky for broader markets.<\/p>\n

And typically, equities don’t like when yields push higher. It becomes even more of a problem especially when it is due to inflation and\/or fiscal concerns, which is the key reasoning behind the latest move.<\/p>\n

That forces market players to demand a higher risk premium and that translates to a higher opportunity cost in owning expensive stocks. In the case of tech shares, suddenly valuations and earnings multiples become harder to justify. Hence, why they are more sensitive to a move up in yields.<\/p>\n

So far this week, the drop in Wall Street can be said to be rather contained – even with the indicated losses at the open later. But if bond yields continue to press higher, even more than they already have, it may only be a matter of time before we see a harder hit to stocks.<\/p>\n

Watch this space.<\/p>\n

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This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Things are looking down again for Wall Street today, with US futures pointing lower ahead of the open later. S&P 500 futures are down by 0.3% with Nasdaq futures down by 0.6%…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437393","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437393"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}