Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month
Published . Updated .
Covered by 2 outlets: Business Insider Africa, Business Insider.
Key takeaways
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This report is about US interest rates and inflation and prices.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-2.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “rate hike” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-1.2% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “rate hike” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF-0.3% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “rate hike” (US interest rates) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “rate hike” (US interest rates) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+15.3% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+13.4% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | -1.07% | -0.05% | base | -1.34% | after close | after close | after close |
| IEF | -0.68% | +0.21% | base | -0.82% | after close | after close | after close |
| TIP | +0.06% | +0.20% | base | -0.71% | after close | after close | after close |
| JPM | -1.14% | -1.31% | base | +0.38% | after close | after close | after close |
| BAC | -1.83% | -1.53% | base | +0.63% | after close | after close | after close |
| WMT | -0.64% | +1.67% | base | -0.15% | after close | after close | after close |
| COST | -4.41% | -0.01% | base | -0.27% | after close | after close | after close |
| PG | -3.76% | -0.78% | base | -0.39% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month Business Insider Africa
Source: Business Insider Africa
How far Ishares Tr (TIP) has moved since 10 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +0.63% | still updating |
| Bank Of America (BAC) | three days earlier | -1.53% | final price |
| Bank Of America (BAC) | five days earlier | -1.83% | final price |
| Costco Wholesale (COST) | that day | -0.27% | still updating |
| Costco Wholesale (COST) | three days earlier | -0.01% | final price |
| Costco Wholesale (COST) | five days earlier | -4.41% | final price |
| Ishares Tr (IEF) | that day | -0.82% | still updating |
| Ishares Tr (IEF) | three days earlier | +0.21% | final price |
| Ishares Tr (IEF) | five days earlier | -0.68% | final price |
| Jpmorgan Chase (JPM) | that day | +0.38% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -1.31% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.14% | final price |
| Procter & Gamble (PG) | that day | -0.39% | still updating |
| Procter & Gamble (PG) | three days earlier | -0.78% | final price |
| Procter & Gamble (PG) | five days earlier | -3.76% | final price |
| Ishares Tr (TIP) | that day | -0.71% | still updating |
| Ishares Tr (TIP) | three days earlier | +0.20% | final price |
| Ishares Tr (TIP) | five days earlier | +0.06% | final price |
| Ishares Tr (TLT) | that day | -1.34% | still updating |
| Ishares Tr (TLT) | three days earlier | -0.05% | final price |
| Ishares Tr (TLT) | five days earlier | -1.07% | final price |
| Walmart (WMT) | that day | -0.15% | still updating |
| Walmart (WMT) | three days earlier | +1.67% | final price |
| Walmart (WMT) | five days earlier | -0.64% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 62 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 26 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 33 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 67 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 21 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies tied to this story
- TIP Ishares Tr
Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month.” Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “rate hike” (US interest rates) in this story
- BAC Bank Of America
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “rate hike” (US interest rates) in this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “rate hike” (US interest rates) in this story
- IEF Ishares Tr
For “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month,” Ishares Tr (IEF) is linked, with no stored direction, medium confidence. Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “rate hike” (US interest rates) in this story
- WMT Walmart
In “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
For “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
For “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
Ishares Tr (TIP) is the company in “Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month,” the 10 Nov 2026 this story story.
Ishares Tr (TIP) is on the page because iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Also listed, Jpmorgan Chase (JPM): JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “rate hike” (US interest rates) in this story
Price levels for Ishares Tr (TIP)
BAC traded between 49.17 and 54.92 across 20 sessions. The latest close on file is 49.66. JPM traded between 325.12 and 345.73 across 20 sessions. The latest close on file is 338.00. TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27.
What the saved facts support for Ishares Tr (TIP)
54 out of 100Price not final
“Spiking yields and falling stocks: Wall Street thinks hot inflation data clinched a rate hike next month” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.