USD is trading at $91.50, down 3.37%, as rising Treasury yields pressure chip valuations. - On September 24, 2026, Treasury yields surged after exceptionally strong U.S. PMI data, raising expectations the Federal Reserve will keep rates higher for longer; the 10-year yield reached approximately 5.14%, its highest since 2007. - Semiconductors saw profit-taking after a sharp multi-session rally, while Nasdaq weakness and Intel’s decline added pressure. - The Philadelphia Semiconductor Index fell as chip stocks retreated in the higher-rate environment.