NZX 50 closes little changed as US Treasury yields hit 5.223%

Sep 23, 2026 22:54 (30d ago)

The NZX 50 closed little changed at 13,825 after gaining 0.1% to 13,836 in morning trade, while US stocks finished mixed.
The 10-year Treasury yield reached 5.223%, the 30-year yield 5.501%, Brent crude rose above $106 a barrel and October rate-hike odds exceeded 70%.
New Zealand stock moves included Briscoe Group down 4.2% and Colonial Motor up 3.7%, while Oracle fell 3.5% and Starbucks announced North American store closures.

The NZX 50 closed little changed at 13,825 on Thursday, after rising 0.1% to 13,836 in morning trade, as gains in energy, industrial and financial stocks were offset by declines in technology, communication services and real estate. Global sentiment was pressured by higher oil prices, US-Iran uncertainty and surging Treasury yields; on September 24, the 10-year US Treasury yield reached 5.223%, the highest since June 2007, while the 30-year yield reached 5.501%, the highest since June 2004. Fed funds futures priced more than a 70% chance of a Federal Reserve rate hike in October, up from about 55% a week earlier. Wall Street ended mixed, while reports of discussions on reopening the Strait of Hormuz and easing US sanctions on Iran helped stocks recover from session lows.