Bond Vigilantes Crash The Party: This Could Get Uglier

Summary U.S. Treasury yields surged, with the 10-year hitting 5.13%, the 5-year passing 5% and the 30-year 5.41%, triggering broad equity declines. Equity markets, especially semiconductors and data centers, face heightened risk; I plan to sell and hedge with QQQ puts. Key drivers include a blowout PMI report, weak Treasury auction, hawkish Fed commentary, and surging oil prices. The magnitude and disorderliness of the bond selloff signal deeper market stress. The indices seemed to have topped off and it would be better to raise cash. AlexSecret/iStock via Getty Images The bond vigilantes are working at full speed U.S. treasuries wilted on Sep 23rd, 2026, with the 10-year yield increasing a humongous 15 basis points to 5.13% and the 30-year jumping 9 basis points to 5.41%. (One basis point is This article was written by Fountainhead 2.42K Followers Follow Financial Analyst and Portfolio Manager for over 3 decades, with a 5 Star TipRanks rating in the top 3%.I love to find great, undervalued, best-in-class companies using the same fundamental analysis and strategies used by Warren Buffett and Peter Lynch. Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY, QQQ, BE, NBIS, SITM, SIMO, MXL, CRDO, RBRK, MTSI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.