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  • Markets · Published 2026-09-26 · Source / event: Sep 25 close · 1 min read · estimated

    An equity rebound. The same higher-rate constraint.

    Friday’s rally left the more consequential credit signal intact: the 2-year Treasury near 4.81% and the 10-year near 5.17%. Funding discipline remains important despite the one-session equity move.

    Uncertainty

    These are September 25 closing observations. Treasury yields are benchmarks, not a bank’s all-in funding cost.