Treasury Yield Spike Hits Euronet Worldwide, Asset Managers; 30-Year Tops 5% After Jobs Data

Treasury yields surged on June 6, 2026, after the May jobs report pushed the 30-year yield above 5% and the 10-year above 4.5%, triggering sharp declines in rate-sensitive financial stocks. Euronet Worldwide (EEFT) dropped 9.8% year-to-date, trading at $66.82, 40.7% below its 52-week high of $112.74 from June 2025. The yield move increases mark-to-market pressure on bond portfolios and raises the hurdle rate for private credit and infrastructure fund deployment, complicating economics for firms like Blackstone, KKR, and Ares. Euronet’s slide extends a difficult period; its third-quarter 2025 results showed a 13.5% year-over-year pre-tax profit decline and missed revenue estimates. CME FedWatch tools also began pricing in year-end rate-hike risk, further dimming the M&A and IPO fee recovery that had supported advisory and underwriting revenue.