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Happy Thursday. Stock futures were mixed and oil prices were rising on the first day of October as Treasury yields surged to their highest levels in more than two decades.

The 10-year U.S. Treasury yield rose 4 basis points to 5.3338% on Thursday, according to LSEG data, reaching its highest level since April 2002. The 30-year yield rose 3 basis points to 5.6702%, its highest level since July 2002.

Nike (NKE) is scheduled to report earnings today after the bell. The sports apparel and equipment giant is in the midst of a turnaround under CEO Elliott Hill, who returned to Nike after more than three decades with the company.

Shares were down 0.42% in early trading and the stock is down 44% year-to-date.

Markets finished mixed on Wednesday, with the S&P 500 ending lower even after new U.S. economic data showed inflation slowed last month.

“Wall Street traded in a mixed fashion again as highly anticipated US PCE Index data proved more noise than signal, with methodological changes leading to a drop in measured core inflation last month,” said Kyle Rodda, senior financial market analyst at Capital.com.

“There was the typical knee-jerk reaction in markets in response to an annual core PCE Index read of 3% – a number that undershot significantly the 3.3% forecast,” he added.

“But it proved to be all technical in nature, arguably leaving the markets in a greater state of uncertainty than before the release.”

Rodda said the data leaves policymakers in a position of having to navigate a complex macroeconomic environment with increasingly unreliable data, as market signals point to inflation that’s very slightly slipping from central banker control.