🌍 Bond selloff in the driver's seat
US 10-year yields sit near 5.2%, the highest since 2007, and the 30-year is at 5.5%, a level not seen since 2004. Japan's 10-year yield has hit 3.1%, a 30-year high. After the Fed's first hike in three years, markets see about a 67% chance of another move in October. Hopes of a phased US–Iran deal on the Strait of Hormuz are offset by a Houthi missile attack on Saudi Arabia. 🛢️
🇺🇸 Wall Street (Thursday close)
S&P 500: 7,704 (–0.02%) | Dow: 51,350 (–0.31%) | Nasdaq: 26,939 (+0.01%) 📊
🌏Asia
🇯🇵 Nikkei 225: 66,347 (+1.27%), a fifth straight gain led by tech and banks
🇭🇰 Hang Seng: 24,307 (–1.83%), a third straight loss as tech and financials fell
🇦🇺 ASX 200: down about 0.6%
🇨🇳 🇰🇷 🇹🇼 Mainland China, South Korea and Taiwan are closed for holidays
💱Markets
💵 Dollar Index: about 101.25, up roughly 1% on the week
💶 EUR/USD: 1.1370 (–0.09%)
🥇 Gold: $4,260 (–0.35%)
🛢️ Brent: $105.7 (–0.8%)
₿ Bitcoin: about $84,000
📅Today (GMT+3)
🔹 12:15 – Fed's Williams speaks
🔹 15:30 – US durable goods orders (August)
🔹 17:00 – University of Michigan sentiment, final (September); the preliminary reading was 47.8
🔹 21:00 – Fed's Hammack speaks
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