Stocks Stumble as Oil and Yields Stay Bid

MPC Markets Morning Call · Sep 28, 2026 · 16m

Wall Street finished lower as the US 10-year yield touched 5.27% — a fresh 19-year high — and Brent crude held above US$105 on Iran–Strait of Hormuz tensions. Gold and silver were smashed 3–5% as surging real yields crushed non-yielding assets.

In this episode, Mark and Phil cover:

- US 10-year at 5.27% and 30-year through 5.50% — hyperscaler debt now competing with Treasuries

- Brent crude holds above US$105; Bloomberg's head macro analyst warns Iran will escalate into the midterms

- Nvidia up 1.6% on a record US$150B buyback authorisation increase

- Tesla –4% on a JPMorgan price target cut…