Finance

Long-term US government bond yields continued to climb sharply, heavily undercutting recent stock market momentum. The benchmark 10-year Treasury yield advanced to 5.293%, hitting its highest mark since June 2007, while the 30-year bond yield reached 5.6206%, its highest level since June 2002. These elevated borrowing costs are raising concerns about broader economic constraints and further pressure on high-flying technology shares.

Energy markets remain highly volatile as ongoing conflict involving the US and Iran shows no clear path toward diplomacy. Although Brent crude futures dipped 1.7% to settle near $96.16 a barrel on Tuesday, commodity prices remain significantly elevated relative to summer levels. The continued stalemate over reopening the strategic Strait of Hormuz has stoked persistent domestic inflation worries and pushed investors toward defensive asset postures.

The Labor Department reported a decline in US job openings for August, pointing to a subtle softening in corporate demand. Market participants are intensely focused on a series of upcoming inflation and employment data releases scheduled for later in the week. These updates will serve as critical benchmarks for the Federal Reserve as policy makers weigh the necessity of additional interest rate hikes in the final quarter of the year.