Finance

Bond yields continued their sharp upward climb, putting persistent pressure on corporate equities and broader economic growth. The benchmark 10-year Treasury yield surged to its highest level since 2002, while the 30-year bond yield hovered above 5.6%. This long-end curve advancement marked the conclusion of a highly volatile quarter for fixed-income assets, cementing the largest quarterly gain for the 10-year yield since 1994.

Global oil prices trended upward after political developments disrupted expectations of easing measures in the Middle East. Benchmark Brent crude advanced past $103 per barrel following statements denying plans to loosen sanctions against Iran. The stubbornness of elevated oil prices continues to stoke broader fears regarding inflation, potentially complicating future monetary decisions.

Cryptocurrency markets demonstrated resilience, with Bitcoin sustaining its position in the $83,000 to $84,000 range. Despite experiencing short-term price swings triggered by surging interest rates and legislative turbulence, the asset is wrapping up a remarkably strong third quarter. Strong institutional support, highlighted by consecutive net inflows into exchange-traded funds earlier in the week, has helped cushion the digital asset from wider market corrections.