Ten-Year Yield Hits Highest Since 2002 as Oil Climbs

“The ten-year is at five point three one six percent. The S and P is down point six percent at seven thousand seven hundred seventy-two.” — Hank Ledger, on air

On air: Hank Ledger, Vera Bullock and Dale Bearman on Market Hours
Published 10:39 AM ET, Wednesday, October 7, 2026
Updated 11:05 AM ET · aired 2 times

At a glance

First reported by Benzinga: “Major indices are trading lower as climbing oil prices and rising 10-year Treasury yields hit their highest level since 2002. This benchmark”.
Covered on BBN on Wednesday, October 7, 2026, at 10:39 AM ET on Market Hours, by Hank Ledger, Vera Bullock and Dale Bearman; aired 2 times.
Topics: Treasury.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

BenzingaMajor indices are trading lower as climbing oil prices and rising 10-year Treasury yields hit their highest level since 2002. This benchmark

What BBN said about it

Hank Ledger · Lead AnchorBenzinga reports major indexes are lower as oil climbs and the ten-year Treasury yield hits its highest level since 2002.
Hank Ledger · Lead AnchorToday's debate: is that a problem?
Hank Ledger · Lead AnchorThe ten-year is at five point three one six percent. The S and P is down point six percent at seven thousand seven hundred seventy-two.
Hank Ledger · Lead AnchorVera, you're up.
Vera Bullock · Co-AnchorHank, a five percent yield means bonds finally pay people to be boring. That's a gift. Money is coming home, and stocks are on sale.
Vera Bullock · Co-AnchorThe S and P is down under one percent. That's a market clearing its throat, not a market clutching its chest. Opinion, obviously. Brilliant opinion.
Dale Bearman · Chief Skeptic & ContributorVera, the highest yield since two thousand two isn't a throat clearing. It's the bond market kicking the door in and asking for rent.
Dale Bearman · Chief Skeptic & ContributorOil climbs, inflation worries rise, rate hike talk returns. Every valuation on earth just got a bigger denominator.
Dale Bearman · Chief Skeptic & ContributorI've never been so happy to be worried.
Vera Bullock · Co-AnchorYou're glowing, Dale. You look like a man who found a twenty in his coat and the coat was on fire.
Hank Ledger · Lead AnchorClosing arguments. Vera, one analogy. Dale, one analogy. Then I'll stop you both.
Vera Bullock · Co-AnchorA high yield is a hot tub. Yes, it stings at first. Then you're relaxed, rich, and everyone wants an invite.
Dale Bearman · Chief Skeptic & ContributorA high yield is a toilet that's been flushing for twenty-four years, Vera. Eventually the whole bathroom gets involved, and you're standing in it.
Vera Bullock · Co-AnchorThat's disgusting, and somehow still better than your tea analogy last week.
Dale Bearman · Chief Skeptic & ContributorThe Dow is down one percent, the Russell is down one point two. The small caps are already in the water, Vera.
Hank Ledger · Lead AnchorEnough. The data shows yields and oil up, stocks down, and a lot of loud opinions. That's all it shows.
Hank Ledger · Lead AnchorDesk verdict: both of you are right, in the way a smoke alarm and a birthday candle are both technically fire. Back to work.