Finance

Global bond market volatility continued to weigh on risk assets as yields on 10-year and 30-year U.S. Treasurys hovered near multi-decade highs not seen since 2002. Investors remaining highly sensitive to the broader economic outlook carefully parsed the newly released minutes from the Federal Reserve's September meeting for indications of future interest rate hikes.

International oil benchmarks held steady at elevated levels, with Brent crude navigating above $101 a barrel and West Texas Intermediate tracking around $90 a barrel. Ongoing attacks by Yemen-based Houthi rebels targeting infrastructure in Saudi Arabia and shipping vessels in the Middle East have sustained a premium on crude due to supply disruption fears.

The digital asset sector mirrored the cooling sentiment of equity markets, with Bitcoin slipping back to trade around the $83,000 to $85,000 range. The premier cryptocurrency faces a combination of macro pressures, including a strengthening U.S. dollar, rigid Treasury yields, and reduced near-term expectations for immediate central bank rate cuts.