Finance

U.S. government borrowing costs pressed higher to kick off the final week of September, with the 10-year Treasury note yield climbing past 5.2%. Robust economic indicators and the latest energy price shock have fueled heavy selling in the bond market as investors bet heavily on a forthcoming Federal Reserve interest rate hike.

Major stock benchmarks started the week in negative territory as the combination of rising crude costs and elevated bond yields dampened risk appetite. The downward pressure follows a multi-day slide for the Dow Jones Industrial Average and S&P 500, even as narrow market leadership continues to cluster around tech and artificial intelligence plays.

Bitcoin and other digital assets slid into negative territory after failing to maintain their opening levels for the week. The downturn in non-yielding assets came as a surging U.S. dollar, climbing yields, and geopolitical risk aversion dented investor sentiment, keeping Bitcoin fluctuating in the lower $83,000 range.