The 30-year U.S. Treasury yield rose to 5.7% on October 7, its highest level in more than two decades. Deere shares fell about 4% to approximately $658 as higher yields pressured industrial-stock valuations. The episode indicates increased macro sensitivity for Deere’s valuation and financing environment.
Key facts
On October 7, Deere & Company was down 4% to roughly $658 as the 30-year Treasury yield climbed to 5.7%, its highest level in over two decades. source
Deere's stock was described as "currently trading at EUR 568.00." source