FTSE 100 ends 0.45% lower as Treasury yields rise and dollar firms

  • US stocks closed lower as Treasury yields reached multi-year highs.
  • The 30-year Treasury yield reached 5.6206%, its highest level since June 2002.
  • US job openings fell by 256,000 to 7.079 million in August.

The FTSE 100 closed 0.45% lower at 10,636.71 as rising US Treasury yields weighed on global equities. US stocks also ended modestly lower, with the Dow Jones Industrial Average down 0.26%, the S&P 500 off 0.17% and the Nasdaq Composite lower by 0.08%. The 30-year Treasury yield reached 5.6206%, its highest since June 2002, while the 10-year yield rose to 5.293%, its highest since June 2007. New York Fed president John Williams said policymakers had time to assess incoming data before deciding when to raise rates again, helping equities recover from steeper intraday losses and lowering October rate-hike expectations. August job openings fell to 7.079 million, below economists' forecasts, while consumer confidence dropped to a nearly 12-and-a-half-year low. Investors were awaiting the Sept 30 PCE Price Index and labour-market releases culminating in the Oct 2 payrolls report. Oil's recent rally had intensified inflation concerns, although prices retreated during the session amid signs of recovering Middle East exports. Meta advanced after OpenAI introduced its dots agents, while CarMax gained on stronger quarterly results and Fair Isaac slumped after a mortgage-pricing announcement.

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