Episode 1423: Tuesday - September 29, 2026
Markets Slip Slightly as 10-Year Yield Rises; Fed, Growth, and Inflation in Focus
Markets Slip Slightly as 10-Year Yield Rises; Fed, Growth, and Inflation in Focus
Brian Szytel reviews modest market declines (Dow -131, S&P -0.15%, Nasdaq -0.10%) with major indexes still up YTD, and focuses on the bond selloff pushing the 10-year yield to about 5.24% amid speculation about 6%. He argues higher yields reflect both higher nominal growth near 6% and a Fed intent on reducing its balance sheet, with limited ability for Treasury financing tactics to meaningfully lower yields. He notes consumer confidence missed (81 vs. 89), JOLTS openings dipped slightly (7.1M vs. 7.2M), and Case-Shiller home prices rose 0.3% monthly but lag inflation amid high mortgage rates and weak price discovery. He answers why rates rise despite higher oil: the Fed targets elevated PCE/core inflation by tightening to cool broad-based price pressures.
00:00 Market Close Recap
00:29 Why Yields Are Rising
02:17 Fed Put and Bond Vigilantes
03:16 Where Rates May Settle
03:37 Today’s Economic Data
04:33 Housing Market Reality Check
05:21 Why Hike With High Oil
07:04 Wrap Up and Thanks
Links mentioned in this episode: DividendCafe.com
Brian Szytel is the Co-CIO and Senior Managing Director of The Bahnsen Group.
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