Yields Jump, A High-Stakes Visit, and Lefrak’s Real Estate Warning 9/23/26

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• 00:01

  There's rewarding, and then there's remarkably rewarding with Chase Sapphire Reserve.

• 00:05

  Remarkably rewarding is enjoying access to our award-winning lounges with two complimentary guests every time you travel

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  and access to over 1,300 lounges worldwide.

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  That's 1,300 reasons to arrive early.

• 00:19

  Chase Sapphire Reserve is remarkably rewarding.

• 00:21

  Learn more at chase.com slash sapphire reserve.

• 00:29

  This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab.

• 00:35

  Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes

• 00:41

  or less, including projected stock updates, monetary policy decisions,

• 00:46

  and key results and statistics that may impact your trading.

• 00:49

  Download the latest episode and subscribe at schwab.com slash market update podcast

• 00:55

  or find Schwab Market Update wherever you get your podcasts.

• 00:58

  Thank you very much, Scott.

• 01:03

  Yields are shooting higher and so are the odds of another rate hike next month.

• 01:08

  Welcome to The Exchange.

• 01:09

  I'm Kelly Evans.

• 01:10

  The 10-year Treasury yield is well above 5% today, hitting its highest level in 19 years.

• 01:16

  Multi-year high for the twos as well.

• 01:18

  All of this on the back of a hotter-than-expected flash PMI report,

• 01:22

  not the official day one of the month ISM report, the flash, the preview number.

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