Finance

U.S. government bond yields climbed to their highest marks since late 2023 after the Treasury Department outlined its long-term buyback program. The parameters of the $6 billion debt repurchase merely met baseline market expectations, falling short of speculation regarding a larger intervention and prompting a sell-off in bonds.

U.S. equity futures showed marginal recovery attempts following a three-day downturn across major averages. Market participants are showing elevated caution ahead of consecutive inflation metrics, with wholesale producer data and consumer price reports expected to influence the Federal Reserve's upcoming interest rate choice.

Digital assets came under pressure as rising energy costs amplified persistent inflation anxieties ahead of the September policy meeting. Bitcoin slipped further below the $78,000 mark, remaining in negative territory for the year as shifting bond yields and higher interest rate expectations traditionally limit non-yielding assets.