StocksMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read
Affirm Stock Drops Over 11.5% as US CPI Hits 3.7% and Yields Surge
Key Facts
1Affirm stock fell 10% to $69.99 following a hotter-than-expected inflation report.
2The inflation report lifted long-term Treasury yields, pressuring buy now, pay later (BNPL) lenders.
Affirm stock fell by more than 11.5% after data showed the US Consumer Price Index rose to 3.7% in September 2026. This acceleration in inflation pushed the 10-year Treasury yield to 5.2%, intensifying selling pressure on the buy now, pay later sector according to reporting from 247wallst.com.
Fintech valuations faced headwinds from rising funding costs, with AFRM trading at $68.93 on October 14, 2026, following a close of $77.89 on October 13, 2026. Peer performance reflected similar pressures, as KLAR closed at $13.38 and PYPL closed at $56.17 on October 13, 2026, amid the shift in inflation and bond yield levels.