Nasdaq futures inches higher as Treasury yields surge, PCE data shows inflation slowdown

On October 1, 2026, U.S. Treasury yields surged to their highest levels in over two decades, with the 10-year yield rising to 5.3338% and the 30-year yield to 5.6702%. This occurred as markets reacted to new U.S. economic data, including the PCE Index, which showed a slowdown in inflation last month due to methodological changes, leading to mixed market performance.