S&P 500 and Nasdaq Hit Records as Treasury Yields Retreat From Two-Decade Highs

US equities closed at record highs on Oct 6 as long-dated Treasury yields eased from multi-year peaks (30-year around 5.62% after touching a 2002-high 5.70% a day earlier; 10-year around 5.28% after briefly topping 5.3%) and oil fell more than 2%. A softer September jobs report cut expectations for near-term Fed hikes: CME FedWatch showed ~78% odds of a hold at the Oct 28 meeting, though a December hike remained largely priced in. The bond-equity divergence keeps rate-driven stress in focus.