Weekly Markets Summary

Weekly Market Intelligence · Compiled by Albert Tang · Issue date: October 11, 2026 ℹ️ NOT FOR FINANCIAL ADVICE — FOR INFORMATIONAL AND ENTERTAINMENT USE ONLY Market Snapshot (Friday, Oct 9 close) Instrument Level Week S&P 500 7,811.54 ▲ 1.2% Dow 51,654.95 ▲ 0.9% Nasdaq Composite 27,366.17 ▲ 0.6% Russell 2000 2,806.98 ▼ 0.9% Brent Crude $104.72 ▲ 2.4% 10-Yr Yield 5.24% ▼ 4 bps, first weekly decline in seven Bitcoin $82,624 (Fri. UTC close) ▼ 2.2% Gold ~$4,214 (Fri. AM futures) ▲ ~1.3% Weekly Overview The bond market finally found buyers. The 10-year Treasury yield spiked to 5.36% on Wednesday morning, a fresh high since 2002, and then the Treasury sold $39 billion of 10-year notes at 5.300%, the highest auction yield since November 2000, with demand strong enough to clear below where the market was trading. The 10-year ended the week at 5.24%, its first weekly decline after six straight rises. That was enough for stocks: the S&P 500 closed above 7,800 for the first time on Tuesday, its first record since August, and gained 1.2% on the week. The Fed's September minutes showed all 19 officials behind the hike and most expecting another by year-end, but markets put the odds of an October move at just 17%. The data kept the inflation worry alive, with ISM services prices paid at their highest since July 2022 and consumer sentiment at a five-month low. Oil refused to cooperate. Brent rose 2.4% to $104.72 as tanker attacks in the Strait of Hormuz hit a wartime record and Hurricane Isaias shut most Gulf of Mexico output, even after President Trump ruled out striking Iran before the midterms. Bitcoin was rejected at $87,000 and slid to the low $80,000s. The tension: bonds have stopped getting worse, but energy has not started getting better. Estimated reading time: 8–9 minutes Headline 01 of 06 · A Strong 10-Year Auction Breaks the Bond Market's Losing Streak Fixed Income · Treasury Auctions · Yields · Global Bonds The week's turning point came at 1 p.m. on Wednesday. The…