DESK weekly report · Week 39 · 2026
Yields Jump
Week 39: bonds sell off
This report covers the week of September 21 to 25, 2026.
Markets
Long Yields Climb
Divergent moves across asset classes
US Treasury yields moved sharply higher. The 10-year yield rose 16 basis points to 5.17%, close to its 52-week high of 5.18%, while the 2-year yield added 5 basis points to 4.81%. The euro slipped 0.5% against the dollar to 1.1403.
Bitcoin rose 3.6% over the week to $84,059, moving further away from its 52-week low of $58,524 but still well below its 52-week high of $125,073.
| Market | Level | Week | 52 weeks |
|---|---|---|---|
| US 2-year yield | 4.81 % | +5 bp | 3.38 – 4.87 |
| US 10-year yield | 5.17 % | +16 bp | 3.97 – 5.18 |
| EUR/USD | 1.1403 | −0.5 % | 1.1340 – 1.1974 |
| Bitcoin | 84,059 $ | +3.6 % | 58,524 – 125,073 |
As of 25 Sept · U.S. Treasury, ECB, mempool.space
Markets
U.S. Treasury
Markets
mempool.space
Data releases
US Data Mixed, Housing Surprises
Durable goods flat, new home sales up
Crude oil inventories rose by 3.0 million barrels for the week ending September 23. Unemployment claims came in at 197,000, slightly below the prior 198,000, while new home sales jumped to 684,000 from 643,000.
Durable goods orders were flat at 0.0% month over month, down from 0.9% previously, and core durable goods orders rose 0.3%, slower than the prior 0.7%.
| Day | Release | Actual | Forecast | Previous |
|---|---|---|---|---|
| 23 Sept | USD · Crude Oil Inventories | 3.0M | — | — |
| 24 Sept | USD · Unemployment Claims | 197K | — | 198K |
| 24 Sept | USD · New Home Sales | 684K | — | 643K |
| 25 Sept | USD · Durable Goods Orders m/m | 0.0% | — | 0.9% |
| 25 Sept | USD · Core Durable Goods Orders m/m | 0.3% | — | 0.7% |
Official releases (BLS, BEA, Census, Fed, EIA and others)
Company filing
Optimum Communications Flags Accounting Issue
Non-reliance notice follows delisting warning
Optimum Communications, a US communication-sector company with reported revenue of about $8.6 billion, filed an SEC Form 8-K on September 21 disclosing non-reliance on previously issued financial statements or a related audit report. This follows an earlier 8-K from August 14 that disclosed a notice of delisting or failure to satisfy a continued listing standard.
The two filings, spaced about a month apart, point to unresolved issues around the company's financial reporting and listing status.
Next week
Jobs Data Headlines Next Week
PCE inflation and payrolls both due
Next week brings a cluster of high-importance US releases. JOLTS job openings arrive September 29, followed by the final GDP reading and the core PCE price index on September 30.
The week closes with non-farm payrolls, the unemployment rate and average hourly earnings on October 2, three releases that together will shape the read on the US labor market.
| Day | Release | Forecast | Previous |
|---|---|---|---|
| 29 Sept | USD · JOLTS Job Openings | — | — |
| 30 Sept | USD · Final GDP q/q | — | — |
| 30 Sept | USD · Core PCE Price Index m/m | — | — |
| 2 Oct | USD · Non-Farm Employment Change | — | — |
| 2 Oct | USD · Unemployment Rate | — | — |
| 2 Oct | USD · Average Hourly Earnings m/m | — | — |
Sources
U.S. Department of the Treasury · European Central Bank · mempool.space · GDELT Project · BLS, BEA, U.S. Census Bureau, Federal Reserve · DESK Radar
DESK reports summarise public data and reports by third parties. They are not investment advice and not a recommendation to buy or sell any financial instrument. Figures as of the dates stated; texts written with AI assistance from the data shown and checked against it.
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DESK is a research tool and not investment advice. Page generated: 2026-09-26.