Lucas Jackson/Reuters
- US stocks plunged on Thursday as bond yields surged following the Fed's policy meeting.
- The 10-year US Treasury rate jumped to a high of 4.49%, its highest level since October 2007.
- A potential government shutdown also could be imminent as the House went on recess after failing to pass a funding bill.
US stocks plunged on Thursday, extending their week- and month-long decline, as bond yields surged following the Federal Reserve's meeting on Wednesday.
The 10-year US Treasury rate jumped to a high of 4.49% on Thursday, representing its highest level since October 2007, while the 2-year Treasury yield jumped to its highest level since 2006.