Finance

The 10-year U.S. Treasury yield advanced further to 5.31%, holding ground near multi-decade highs despite weaker-than-expected labor data. A disappointing nonfarm payrolls report showed an addition of just 29,000 jobs for September, causing the unemployment rate to tick up to 4.2%. The cool labor data effectively shifted expectations for future Federal Reserve monetary policy, slashing immediate probabilities of another rate hike.

Global energy markets continue to navigate sharp swings as Brent crude oscillates above the $100 per barrel mark. While localized conflict in the Middle East and shipping disruptions through the Strait of Hormuz maintain upward pressure, intervention strategies have tempered deeper spikes. Specifically, a G7 emergency agreement to deploy massive diesel reserves along with rising regional exports helped cap initial market losses.

Approaching the first anniversary of its record high of $126,080, Bitcoin settled into a consolidated trading range near $86,000. Institutional buying patterns, largely supported by stable spot exchange-traded fund inflows, have provided a floor for the digital asset. Despite remaining roughly 32% lower than its previous cycle peak, the cryptocurrency recently posted its first positive quarter after consecutive losses.