StocksMedium•14 October 2026•
1 min read
Affirm Stock Plunges 10% as Inflation Data and Rising Yields Pressure BNPL Sector
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 10% to $69.99 following a hotter-than-expected inflation report. 247wallst.com reported that the inflation data lifted long-term Treasury yields, placing significant pressure on buy now, pay later (BNPL) lenders.
The macroeconomic shift impacted peer fintech firms, with KLAR closing at $13.38 and PYPL closing at $56.17 on October 13, 2026. For its part, AFRM closed at $77.89 on October 13, 2026, prior to the latest slide, as rising yields typically increase funding costs and weigh on growth-oriented valuations.