Global stocks slip and bond markets brace for a new rate era as Treasury yields hold near multi-decade highs
From the Newshound archive · first published 30 September 2026.

Equity markets worldwide edged lower on Wednesday as persistently elevated Treasury yields kept stocks in bonds' grip, rounding off what analysts have described as a brutal quarter for fixed income. The FTSE 100 dropped 48 points to close at 10,636.71, its lowest in two weeks, while Wall Street stocks also slipped under the weight of rising borrowing costs. UK 10-year gilt yields hit 5.44%, their highest since July 2007, after a Bank of England deputy governor signalled support for further rate rises.
Energy stocks led the FTSE 100 decline, with BP down 2.3% and Shell down 1.7% after Brent crude fell to around $104.44 a barrel.
