Global yields hit multi-year highs as U.S. 10-year rises
U.S. equity indices slid as Nasdaq futures led declines, while global yields climbed; the U.S. 10-year Treasury yield reached its highest level since early 2025 and September FOMC hike probability rose.
S. equity indices moving lower, with Nasdaq futures leading the decline. Job openings fell for the third straight month, while ISM manufacturing stayed in expansion territory even though it missed expectations. S.
10-year Treasury yield reached its highest level since early 2025. The probability of a September FOMC rate hike also rose. Attention now turns to the Fed's Beige Book, ongoing corporate earnings, and key rate decisions from the RBA and Bank of Canada.