Treasury Yield Hits New High, Tech Stocks and Bitcoin Feel the Pinch

The U.S. 10-year Treasury yield has reached a new high of approximately 4.98% on September 23, 2026, its highest level since 2007.

This surge in yield is putting pressure on technology stocks, which are sensitive to changes in interest rates due to their reliance on future earnings growth for valuations.

As borrowing costs increase, the valuation models for these stocks are negatively impacted, leading to declines in major indices and semiconductor shares.

The rise in yields has also triggered market adjustments in the cryptocurrency space, with participants considering the impact of macroeconomic changes.