Finance

The 10-year U.S. Treasury yield remained highly elevated, hovering near its highest points since 2002 at roughly 5.31%. However, the massive bond market selloff slowed down after a weaker-than-expected September employment report triggered investors to scale back expectations for a near-term central bank interest rate hike.

Brent crude futures settled down by nearly 2% to finish close to the $100-per-barrel mark. While continuous conflict in the Middle East kept volatility alive across the global energy market, a coordinated agreement to tap European diesel reserves along with rising oil exports helped to alleviate broader supply constraints.

The cryptocurrency market found renewed momentum as Bitcoin surged back above $86,000 to kick off the week. The upward price movement across major digital assets like Bitcoin and Ethereum directly correlated with receding macroeconomic fears regarding more aggressive monetary policy tightening.