Finance

The yield on the 10-year and 30-year U.S. Treasury notes reached levels not seen since 2002 before paring back some intraday gains. Fixed-income markets faced initial pressure as investors scrutinized the Federal Reserve's September meeting minutes for future interest rate indicators. However, a highly successful $39 billion auction of 10-year notes ultimately limited the spike in yields due to robust buyer demand.

International benchmark Brent crude held steady above the $100 per barrel threshold as geopolitical conflicts stoked supply disruption fears. Renewed attacks by Iran-backed Houthi rebels on targets in Saudi Arabia and tankers in the Strait of Hormuz offset recent physical supply recoveries. The persistent threat to global energy channels has reignited investor concerns over sticky inflation.

The broader cryptocurrency market experienced a cooling period, stalling recent recovery attempts as macro pressures intensified. Bitcoin slipped back from its recent highs toward the $83,000 range, prompting a wider downturn across digital assets. This downward momentum heavily impacted digital asset brokerages and crypto-exposed equities, including Coinbase, MicroStrategy, and Robinhood.