Finance

U.S. government debt experienced substantial selling pressure, causing long-term yields to spike to multi-decade highs. The 10-year Treasury yield climbed to 5.365% and the 30-year bond yield reached 5.732%, marking their highest points since 2002. Worries over sticky inflation and heavy government debt burdens continue to drive the global bond market selloff.

International energy markets saw upward momentum as Brent crude futures surpassed $101 per barrel and West Texas Intermediate rose past $90 per barrel. Ongoing Houthi rebel attacks targeting crude supplies in Saudi Arabia have heightened fears of significant logistics and flow disruptions. This persistent geopolitical risk is offsetting recent gains in physical supply volumes.

The government reported that the U.S. goods and services deficit expanded to $105.6 billion for August, moving past consensus estimates. A sharp rise in imports signaled highly resilient domestic demand within the economy. Analysts suggest this strong commercial momentum could complicate the Federal Reserve's policy path by refueling inflationary pressures.