Finance

Long-dated U.S. government bond yields extended their upward momentum, with the benchmark 10-year Treasury yield closing near 5.31%. Investors continue to adapt to these multidecade highs, which are being driven by a combination of resilient corporate spending on AI infrastructure and broader macro uncertainties.

A softer-than-expected September employment report revealed the U.S. economy added just 29,000 jobs, far below projections, while the unemployment rate ticked up to 4.2%. The weak labor growth has prompted swap markets to sharply scale back the probability of a Federal Reserve interest rate hike at the upcoming October policy meeting.

International crude benchmarks turned negative, with Brent falling roughly 1.9% to hover near $100 a barrel and WTI settling beneath $90. The drop comes as G7 nations coordinated the release of 100 million barrels of diesel and Middle East crude exports improved, countering ongoing geopolitical tensions in the region.