Finance

Government bond yields experienced a notable upswing, with the 10-year Treasury note yield climbing to its highest level since 2002. This fixed-income sell-off intensified ahead of the Federal Reserve's release of its September meeting minutes, which investors are scouring for policy clues. The stubbornly high risk-free rate continues to create a stark divergence for equity valuations.

Oil prices pushed higher as Brent crude climbed back over the $100-a-barrel milestone amid escalating geopolitical tensions in the Middle East. Recent drone and missile attacks targeting Saudi Arabian infrastructure and vessel disruptions in the Strait of Hormuz have renewed global supply anxieties. These persistent energy shocks are stoking broader economic fears regarding renewed inflationary pressures.

The digital asset landscape faced downwards pressure, with Bitcoin falling over 1.7% to hover around the $84,100 range and Ethereum dropping roughly 3.5%. The market-wide dip triggered massive liquidations, wiping out more than $400 million in leveraged long positions within a single hour. Despite the sudden volatility and leverage flush, analysts indicate that underlying metrics remain structurally different from previous market crashes.