The Newshound

FTSE 100 falls to two-week low as US bond yields hit their highest level SINCE 2002

From the Newshound archive · first published 30 September 2026.

London's blue-chip index dropped 48 points to close at 10,636.71 on Tuesday, dragged down by sliding energy stocks and soaring US Treasury yields. The 30-year US yield climbed to 5.60%, its highest since 2002, while the UK 10-year gilt yield hit its loftiest point since 2007. BP fell 2.3% and Shell 1.7% after Brent crude slipped to $104.44 a barrel on hopes of continued Iran talks.

UK gilt yields are already near 20-year highs after the Bank of England's Dave Ramsden signalled he would back further rate hikes if inflation persists.

Iran privately expressed pessimism about reopening the Strait of Hormuz before US mid-term elections in five weeks, keeping energy markets on edge.

MoreLBCFTSE 100 falls as bond worries offset lower oilReutersMorning Bid: A cruel quarter for bondsReutersCOMMENTARY: Trading Day: Stocks still in bonds' gripAPStocks slip on Wall Street as rising Treasury yields pressure the marketReutersFTSE 100 hits two-week low as energy stocks slide - ReutersShare TalkFTSE 100 Falls as US Bond Yields Hit 24-Year High - Share TalkReutersEquities end slightly lower as bond yields hold near multi-decade highsReutersBattered bond market braces for a new era of interest ratesBBN TimesFTSE 100 Today: London’s Blue-Chip Index Drops to 10,636.71 as Oil Majors Slide and US Long Bond Yields Hit a 2002 High - BBN Times
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