Finance

Government bond yields experienced sharp upward movement across major global economies, with the 10-year U.S. Treasury yield hovering near 4.7% to 4.8%, reaching its highest mark since early 2025. Investors are dumping bonds due to building anxieties that climbing oil prices will sustain elevated inflation and push central banks to pursue further rate hikes.

U.S. stock index futures flagged a lower start to the new trading month, tracking early declines across major benchmarks like the S&P 500, Dow Jones, and Nasdaq. Market participants are showing signs of heightened risk aversion as they weigh the potential for a September interest rate hike following recent hawkish sentiment regarding inflation.

The gold and silver markets faced pronounced selling pressure, causing gold futures to slide back down toward the $4,400 per ounce threshold. The slump comes as non-yielding assets lose momentum against a steadily climbing U.S. Dollar Index and rapidly rising global government bond yields.