The PrimeFlow Desk · Friday, November 13, 2026
The 10-year Treasury yield closed Thursday at 5.10%, up from 4.98% on Tuesday, the last day the bond market traded. That’s the rate that steers mortgage quotes. At 8:30 this morning the Labor Department reports October producer prices, the wholesale side of Tuesday’s inflation report, which came in hotter than economists expected. Economists polled expect a 0.4% monthly rise.
Where the market closed on Thursday, November 12, 2026
- S&P 500: 7,592.40, down 0.35%
- Dow: 52,297.09, down 0.36%
- Nasdaq: 25,366.09, down 0.39%
- Small-company stocks (Russell 2000): 2,799.06, down 1.66%
- 10-year Treasury yield: 5.10%, up from 4.98% on Tuesday, the last day the bond market traded
- Brent crude oil: $95.82 a barrel, up 3.30%
Changes are against Wednesday’s close. Stocks slipped on Thursday after a rough start, and S&P 500 futures are up about 0.2% this morning.
Why Treasury yields matter this morning
Bond prices fell on Thursday, which pushes yields up. The 30-year yield, the benchmark for the longest loans, closed at 5.43%. Small-company stocks took it hardest, with the Russell 2000 down 1.7%, because they borrow more than the giants do.
Higher yields also raise what it costs to borrow against a brokerage account, and our plain guide to intraday margin explains how that borrowing works and what it costs.
Nvidia held the headlines. Its chief executive resigned Wednesday, and the board named its finance chief interim CEO. The stock opened down about 13% and closed down 4.3%. The S&P 500 fell nearly 1% at the open and recovered to close down just 0.35%.
My view
On Thursday I said the bond market’s first word since Tuesday was the one to watch. It spoke. A stock can fall 13% at the open and win most of it back by the close, as Nvidia just did. A yield above 5% doesn’t bounce back on a headline. I’d read a producer price report at 0.4% or lower as relief, and a hotter one as more pressure on stocks and loan rates.
What it means for you
Mortgage quotes follow the 10-year yield, so a move like this reaches anyone shopping for a loan before it reaches a stock account. Savers get the other side: new CDs and Treasury bills pay more when yields rise.
A report at 8:30 and a bell at 9:30 give a day its shape. The 40 Minutes That Matter is what our desk teaches every new trader first: a workshop and two one-page cheat sheets, The Level Map and The Session Clock. It normally sells for $49. You can have it for one payment of $7.
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Also on the Desk
Cisco raised its forecast. Applied Materials posted record sales. Both reported after the close on Thursday. Cisco’s revenue was $18.5 billion, up 24% from a year ago, and Applied Materials’ was $10.41 billion, up 53%.
Oil jumped. Brent crude settled at $95.82 a barrel on Thursday, up 3.3%, after hopes for a deal with Iran faded. It was near $96.18 this morning.
Gold fell below $3,900. Gold futures closed Thursday at $3,885.30 an ounce, down 2.9%. Gold pays no interest, so it loses ground when yields climb.
On the calendar (Eastern time)
- Friday, Nov 13, 8:30 AM: October producer prices (Labor Department)
- Friday, Nov 13, 9:30 AM: the opening bell, and the first look at how stocks take the number
From the trade log
As of 13 November 2026, the public log stands at 535 closed alerts: 514 wins, 17 losses and 4 breakeven. That’s a 96.8% win rate. See every closed alert on the log →
Until the bell,
Christopher
Editor, PrimeFlow Trades
PrimeFlow Trades publishes market commentary and trade alerts for education. Nothing here is personal investment advice. Trading stocks involves risk, including the loss of money. Past results, including those on our public trade log, do not guarantee future results.
