Daily market digest
· 5 min read
24 September 2026: Markets React to Rising Treasury Yields and Crude Prices
Global markets experience volatility as rising US Treasury yields and crude prices affect asset classes, impacting sectors and currencies.
Quick answer
On 24 September 2026, rising US Treasury yields surged to a 19-year high (5.11%), causing equity markets to retreat; S&P 500 fell 0.76%. Brent crude climbed 3.86%, contributing to inflationary pressures.
Key takeaways
- S&P 500 fell 0.76% amid high Treasury yields.
- Nasdaq outperformed weekly, rising 3.69%.
- Brent crude surged 3.86%, despite global supply hopes.
- Bitcoin's one-week rise of 9.82% driven by market resilience.
- USD/MAD climbed 0.59% amid strong USD.
Market dashboard
S&P 500
7,706
-0.76%1-day change
Bitcoin
$83,910
-2.63%1-day change
Gold (oz)
$4,318
-1.33%1-day change
Brent crude
$103.08
+3.86%1-day change
EUR/USD
1.1380
-0.59%1-day change
USD/MAD
9.588
+0.59%1-day change
VIX (fear gauge)
15.2
+2.08%1-day change
Crypto Fear & Greed
71/100
Greed
Global equity markets faced renewed pressure from elevated US Treasury yields, with the S&P 500 dipping 0.76% and Euro Stoxx 50 declining 0.29%. Despite these declines, the Nasdaq Composite gained 3.69% over the week, highlighting some investor confidence in tech-driven growth.
Cryptocurrencies showed mixed sentiments. Bitcoin at $83,910, and Ether at $2,676 both saw declines of over 2% daily but maintain strong weekly momentum. Notably, Solana surged 12.86% over the past week, showing investor appetite despite market skeptics.
Oil prices climbed with Brent crude up 3.86%, emphasizing concerns about limited supply in the face of geopolitical uncertainties. Meanwhile, gold slipped 1.33% in one day, reflecting investors' weak appetite for safe-haven assets amidst fluctuating US-Dollar strength.
30-day performance, indexed to 100
Each market rebased to 100 at the start of the window, so moves are comparable on one axis.
- S&P 500100.7
- Bitcoin106.8
- Gold (oz)91.92
- Brent crude111.8
View data table
| S&P 500 | Bitcoin | Gold (oz) | Brent crude | |
|---|---|---|---|---|
| 24 Aug | 100 | 100 | 100 | 100 |
| 25 Aug | 100.32 | 100.59 | 99.93 | 96.11 |
| 26 Aug | 100.3 | 102.15 | 99.05 | 95.3 |
| 27 Aug | 101.02 | 99.06 | 99.28 | 97.32 |
| 28 Aug | 100.77 | 99.59 | 96.43 | 96.9 |
| 31 Aug | 100.43 | 98.52 | 95.4 | 98.18 |
| 1 Sept | 99.72 | 98.39 | 93.58 | 102.69 |
| 2 Sept | 100.18 | 103.45 | 93.97 | 103.75 |
| 3 Sept | 101.24 | 101.41 | 96.64 | 103.63 |
| 4 Sept | 100.86 | 101.6 | 95.29 | 104.46 |
| 8 Sept | 100.27 | 99.61 | 94.49 | 106.24 |
| 9 Sept | 99.78 | 97.46 | 94.95 | 109.81 |
| 10 Sept | 99.2 | 98.23 | 93.82 | 116.77 |
| 11 Sept | 100.05 | 98.35 | 93.85 | 113.5 |
| 14 Sept | 99.57 | 96.24 | 92.64 | 114.66 |
| 15 Sept | 99.12 | 96.93 | 92.23 | 117.99 |
| 16 Sept | 98.68 | 97.25 | 93.39 | 114.82 |
| 17 Sept | 99.8 | 102.97 | 93.65 | 113.72 |
| 18 Sept | 99.97 | 103.4 | 94.19 | 112.69 |
| 21 Sept | 101.46 | 109.68 | 93.32 | 108.86 |
| 23 Sept | 100.69 | 106.8 | 91.92 | 111.84 |
1-month change by market (%)
- Solana+18.70%
- Brent crude+11.84%
- Ether+9.53%
- Bitcoin+6.80%
- USD/MAD+3.84%
- Nasdaq Composite+3.68%
- US dollar index+2.12%
- EUR/MAD+1.60%
- S&P 500+0.69%
- Euro Stoxx 50-2.30%
- EUR/USD-2.47%
- Gold (oz)-8.08%
| S&P 500 | 7,706 | -0.76% | +2.04% | +0.69% | 11 |
| Nasdaq Composite | 26,936 | -0.69% | +3.69% | +3.68% | 15 |
| Euro Stoxx 50 | 6,300 | -0.29% | +0.53% | -2.30% | 12.7 |
| Bitcoin | $83,910 | -2.63% | +9.82% | +6.80% | 43.6 |
| Ether | $2,676 | -2.79% | +9.35% | +9.53% | 47.1 |
| Solana | $114.7 | -3.24% | +12.86% | +18.70% | 71.1 |
| Gold (oz) | $4,318 | -1.33% | -1.57% | -8.08% | 19.3 |
| Brent crude | $103.08 | +3.86% | -2.60% | +11.84% | 42.6 |
| US dollar index | 101.10 | +0.67% | +0.79% | +2.12% | 5.1 |
| EUR/USD | 1.1380 | -0.59% | -0.78% | -2.47% | 4 |
| USD/MAD | 9.588 | +0.59% | +1.14% | +3.84% | 4 |
| EUR/MAD | 10.956 | +0.16% | +0.12% | +1.60% | 4.7 |
| US 10-year yield | 5.11% | +3.04% | +2.16% | +8.72% | 16.3 |
| VIX (fear gauge) | 15.2 | +2.08% | -14.29% | -4.23% | 97.4 |
Crypto Markets Face Regulatory and Sentiment Challenges
Crypto markets remain volatile as regulatory stories and unexpected events influence investor confidence. The tragic death of Hsin-Ju Chuang, a key crypto executive, has the community seeking details. (CoinDesk)
Tensions around regulatory clarity persist with the White House defending President Trump's crypto affiliations following the Clarity Act's defeat, while the SEC faces scrutiny for dropping crypto cases to avoid credibility issues. (CoinDesk)
- Monitor CFTC's stance on crypto regulations.
- US crypto policies remain a wildcard.
- Stablecoin market activity intensifies.
Rising Treasury Yields Send Waves Through Financial Markets
The 10-year US Treasury yield hit a 19-year high of 5.11%, sparking concerns of further rate hikes by the Federal Reserve. Rising yields are placing a strain on bond markets globally. (CNBC)
Brent crude's surge by 3.86% indicates persistent pressure on energy prices, as concerns over supply dynamics continue to dominate market narratives. Despite a truce in U.S.-China trade talks, economic tensions remain. (CNBC)
- Watch Fed's next steps amid inflation data.
- Energy costs influence production globally.
- US-China trade truce may offer temporary relief.
Business Momentum and Election Dynamics in Morocco
Morocco's business environment is buoyant with significant enterprise growth concentrated in Casablanca-Settat, accounting for 40% of new business registrations in 2026. (Hespress Économie)
With parliamentary elections concluded, participation stood at 38.02%, signaling civic engagement levels. Observers highlight fair electoral processes despite relatively low turnout. (LesEco.ma)
- Monitor post-election economic policies.
- Morocco's avocados see export growth.
- Analyze Casablanca Bourse shifts post-election.
What it means for a saver in Morocco
For Moroccan savers, the USD/MAD rate rose by 0.59%, indicating some pressure on the dirham, as the strengthening US dollar could lead to higher import costs, particularly energy resources priced in dollars. Elevated Brent crude prices, seeing a 3.86% increase, could further exacerbate inflationary pressures in imported goods.
Simultaneously, gold in dirhams became less attractive as global gold prices steadily decreased, impacting local hedging strategies. The Moroccan equity landscape, amidst post-election analysis, exhibits cautious optimism as new enterprises continue to emerge, signaling robust domestic economic activities.
Market sentiment & outlook
70/100
Constructive
Overall risk appetite
Overall, markets are risk-on with a 70/100 appetite, buoyed by ongoing optimism in tech equities and crypto yet cautious over bond market shocks. US-China relations and crude dynamics are pivotal; a shift depends on evolving economic indicators.
Data as of
Global equities
65 · Leaning bullish
Equity sentiment is moderately bullish (65/100), driven by tech sector gains and temporary geopolitical stability. Focus may shift if Treasury yields press harder.
- S&P 500 -0.76% 1d
- Nasdaq +3.69% 1w
- US-China truce
Crypto
78 · Bullish
Crypto remains optimistic (78/100) buoyed by strong weekly performances in major coins. Regulatory news could alter sentiment quickly.
- Bitcoin +9.82% 1w
- Ether +9.35% 1w
- Regulatory environment
Gold & safe havens
15 · Bearish
Gold sentiment is bearish (15/100) as safe-haven demand remains low amid strong dollar and rising yields. A shift may occur with geopolitical tensions.
- Gold -1.33% 1d
- Strong USD
- Falling gold demand
Oil & energy
69 · Leaning bullish
Energy markets are bullish (69/100) with oil prices climbing. Supply uncertainty continues to drive the narrative.
- Brent crude +3.86% 1d
- Asian demand data
- US-Iran tensions
US dollar
90 · Bullish
The dollar remains strong (90/100) reinforced by high yields and stable sentiment. Current trends likely to persist barring economic shocks.
- USD Index +0.67% 1d
- EUR/USD -0.59% 1d
- Treasury yields 5.11%
Bonds (US Treasuries)
9 · Bearish
Bond sentiment is bearish (9/100) with yields at multi-year highs reflecting inflation fears. Watch Federal Reserve signals.
- US 10-year yield 5.11%
- Fed rate hike risks
- Global bond sell-off
Casablanca Bourse & MAD
Qualitative read
Mixed sentiment, balancing robust local enterprise growth with inflation risks from a stronger dollar. Monitor local policy shifts.
- USD/MAD +0.59% 1d
- Elections results
- Enterprise registrations
Who benefits
- Tech Equities — Strong weekly gains in Nasdaq show investor confidence in tech despite broader market pressures.
- Crude Oil Producers — Rising Brent prices reflect tighter market conditions benefiting producers with high volume exports.
- Crypto Investors — Weekly gains indicate robust interest, especially in alternatives like Solana surging 12.86%.
Under pressure
- Bond Investors — US Treasury yields at 5.11% put pressure on bond portfolios amid rising rates.
- Gold Investors — Decreased gold prices affect safe-haven positions due to waning demand and a strong dollar.
- European Exporters — A stronger dollar impacts competitiveness, as EUR/USD slides 0.59%.
Crypto Fear & Greed index — last 30 days
0 = extreme fear, 100 = extreme greed (alternative.me).
View data table
| Crypto Fear & Greed | |
|---|---|
| 25 Aug | 74 |
| 26 Aug | 65 |
| 27 Aug | 71 |
| 28 Aug | 73 |
| 29 Aug | 68 |
| 30 Aug | 69 |
| 31 Aug | 62 |
| 1 Sept | 69 |
| 2 Sept | 63 |
| 3 Sept | 65 |
| 4 Sept | 74 |
| 5 Sept | 73 |
| 6 Sept | 73 |
| 7 Sept | 71 |
| 8 Sept | 69 |
| 9 Sept | 66 |
| 10 Sept | 69 |
| 11 Sept | 56 |
| 12 Sept | 63 |
| 13 Sept | 61 |
| 14 Sept | 57 |
| 15 Sept | 69 |
| 16 Sept | 51 |
| 17 Sept | 50 |
| 18 Sept | 56 |
| 19 Sept | 71 |
| 20 Sept | 71 |
| 21 Sept | 70 |
| 22 Sept | 78 |
| 23 Sept | 71 |
| 24 Sept | 71 |
Scenarios to watch
| Base case | Steady growth in tech and energy sectors; stable treasury yields. | Markets continue cautiously, with equities and oil gaining modestly. |
| Bullish case | Improved geopolitical stability and lower inflation pressures. | Equities and crypto see a surge along with further dollar strength. |
| Bearish case | Rapid Fed rate hikes driving yields higher. | Next week sees equities and gold drop further while bond yields soar. |
Frequently asked questions
How did US Treasury yields affect the stock market today?
US Treasury yields reached a 19-year high of 5.11%, pressuring stocks like the S&P 500, which fell 0.76%.
Why are crude oil prices rising?
Brent crude rose 3.86% due to geopolitical tensions and market dynamics, impacting energy costs globally.
How is the US dollar performing against the Moroccan dirham?
The USD/MAD rose by 0.59% as the US dollar gained strength in the forex market.
What impact did the Moroccan elections have on the economy?
The recent elections, with a 38.02% turnout, are expected to influence economic policy, supporting business growth.
Sources
- Bessent just picked the one wage measure still rising — Yahoo Finance
- Grant Cardone offers 10 Bitcoin bounty on finding a buyer for his private jet — Yahoo Finance
- Is FactSet Stock Underperforming the Nasdaq? — Yahoo Finance
- Saudi Pipeline Restart Fails to End Oil Market Tightness — Yahoo Finance
- Nvidia Stock is Historically Cheap. The Decade-Low Multiple Reflects Risks, But This Looks Like a Can't-Miss Buy Opportunity for NVDA. — Yahoo Finance
- U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit — CNBC
- Chinese authorities reportedly in possession of F-35 components in Hong Kong — CNBC
- Oil falls on report Asia will import highest volume of crude since start of Iran war — CNBC
- Japan's 10-year bond yield hits 30-year high following sell-off in Treasurys — CNBC
- 10-year Treasury yield rockets to 19-year high. Here's what's driving the spike — CNBC
- Here's what happens to the economy when Treasury yields soar like they are now — CNBC Economy
- France’s wine production nears a 70-year low, leaving winemakers with tough choices — CNBC Economy
- Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames 'lower happiness' — CNBC Economy
- Why Japan’s markets flipped the usual script after central bank rate hike — CNBC Economy
- Bank of England defies Fed’s rate-hike lead, leaving rates unchanged — CNBC Economy
- 'Proteinflation': Meet the people paying up to £100 for a bag of protein — BBC Business
- They were labelled 'pervert glasses'. Will a camera-free version transform their image? — BBC Business
- US rejects pleas from OpenAI, Anthropic for global AI standards — BBC Business
- Trump reveals millions of dollars' worth of share deals in big tech and AI — BBC Business
- AI superpower ambitions take centre stage as Trump and Xi meet — BBC Business
- Kalshi says it is not being investigated by the CFTC over trading activity — CoinDesk
- Former Hack VC partner Hsin-Ju Chuang found dead following public dispute with the firm — CoinDesk
- White House adviser defends President Trump's crypto ties in wake of Clarity Act defeat — CoinDesk
- Inside the FBI’s little-known annual crypto crime gathering — CoinDesk