THE WIRE · № 58733
PCE inflation comes in much weaker than expected and July’s data is revised down by 30 basis points. Meanwhile, Treasury yields erase all losses and turn green on the day. The 30Y Note Yield is up to 5.64%, its highest since 2002, and the 10Y is back to 5.30%. As we explained,
01 THE MACHINE READ
WHY IT MATTERS.
Weak PCE yet rising yields shows the market discounting inflation data, signaling rate-cut expectations are fading.
Market dismisses soft inflation, yields keep climbing
Fed commentary or next CPI release
Yields could keep rising despite weak data
FULL DISPATCH
PCE inflation comes in much weaker than expected and July’s data is revised down by 30 basis points. Meanwhile, Treasury yields erase all losses and turn green on the day. The 30Y Note Yield is up to 5.64%, its highest since 2002, and the 10Y is back to 5.30%. As we explained, the market is heavily discounting today’s inflation data.
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
Commodity prices are skyrocketing: The Bloomberg Commodity Index is up +37.3% YoY, near its largest 12-month increase since the 2022 energy crisis. This index covers 25 exchange-traded futures contracts across energy, metals, and agriculture. This is an even bigger YoY increas2026-09-30 19:02 UTC
FED’S COOK: INFLATION HAS BEEN TOO HIGH FOR TOO LONG Fed Governor Lisa Cook says she remains committed to bringing inflation back to target while preserving labor-market strength. Cook did not comment directly on today’s softer inflation data or the October rate decision. Her2026-09-30 19:26 UTC
BREAKING: President Trump calls on Jerome Powell to “resign immediately” or be sued by the “highest level of the US Government.” https://t.co/ROZdlKGYr12026-09-30 19:50 UTC
U.S. 10-YEAR SUFFERS WORST QUARTER SINCE 1994 The 10-year Treasury yield ended Q3 at 5.29%, surging 87 basis points — its largest quarterly increase in more than three decades. The move has been driven largely by real yields approaching 3%, as markets dramatically repriced the2026-09-30 20:46 UTC
*TRUMP: INFLATION NUMBERS ARE WAY DOWN OTHER THAN FOR OIL2026-09-30 21:07 UTC
Relentless selling pressure pushed the yield on the 10-year U.S. Treasury note above 5.3% Wednesday—blowing past its 2007 peak to reach its highest level since 2002 https://t.co/KcmDfZKMxw2026-09-30 21:10 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.