Geopolitics Alpha

Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes

Published . Updated .

Stocks fall, with the Nasdaq and S&P 500 retreating from record territory as bond yields suddenly jump.

Directly affected

  • NDAQ Nasdaq

    Named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

  • KRE SPDR S&P Regional Banking

    Regional banks are sensitive to interest rates

  • HYMB STATE STREET SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF

    GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NDAQ———————
TLT———————
IEF———————
SHY———————
SPY———————
JPM———————
BAC———————
GS———————
XLF———————
KRE———————
HYMB———————

State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) since this story, compared with the market

Since the first closing price after “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes,” State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is -1.05%. The S&P 500 fund (SPY) is -0.09% over the same days, a -0.96% difference versus the market.

HYMB
SPY

Who gains and who loses around State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)

Companies tied to this story

  • HYMB State Street Spdr Nuveen Ice High Yield Municipal Bond Etf

    State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is linked, with no stored direction, high confidence in the 23 Sep 2026 story “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes.” Reason on file: GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AGGY Wisdomtree Yield Enhanced Us Bond Fund

    Wisdomtree Yield Enhanced Us Bond Fund (AGGY) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes.” Reason on file: GA selected AGGY as a RELATED security because its canonical security name directly matches this event's themes: yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AGZD Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund

    For “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes,” Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is linked, with no stored direction, medium confidence. Reason on file: GA selected AGZD as a RELATED security because its canonical security name directly matches this event's themes: bond, rate. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • HYDB Ishares High Yield Bond Etf

    For “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes,” Ishares High Yield Bond Etf (HYDB) is linked, with no stored direction, medium confidence. Reason on file: GA selected HYDB as a RELATED security because its canonical security name directly matches this event's themes: yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • HYGW Ishares High Yield Corporate Bond Buywrite Strategy Etf

    In “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes,” Ishares High Yield Corporate Bond Buywrite Strategy Etf (HYGW) is linked, with no stored direction, medium confidence. Reason on file: GA selected HYGW as a RELATED security because its canonical security name directly matches this event's themes: yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBND State Street Spdr Bloomberg International Corporate Bond Etf

    State Street Spdr Bloomberg International Corporate Bond Etf (IBND) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes.” Reason on file: GA selected IBND as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)

“Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes” (23 Sep 2026) reaches State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) through this story.

State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is on the page because GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Wisdomtree Yield Enhanced Us Bond Fund (AGGY), is listed for a different reason: GA selected AGGY as a RELATED security because its canonical security name directly matches this event's themes: yields, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)

AGGY traded between 41.03 and 42.30 across 20 sessions. The latest close on file is 41.56. AGZD traded between 22.49 and 22.70 across 20 sessions. The latest close on file is 22.56. HYMB traded between 23.06 and 24.17 across 20 sessions. The latest close on file is 23.57.

How strong the case is around State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)

100 out of 100

“Bond yields surge to 5.12% as Wall Street fears more Fed rate hikes” scores 100 out of 100. The score uses 6 linked companies.