Market Pulse | Sep 2

The Bond Market Is Calling the Shots
September just got more complicated.

💵 YIELDS ARE BREAKING HIGHER
The U.S. 10-year yield is approaching 4.81%, while global bond yields are climbing sharply. Markets are demanding more compensation for inflation and fiscal risk

🛢 OIL IS ADDING FUEL
Brent has pushed above $93 as U.S.-Iran tensions escalate. Higher energy prices are making the inflation problem harder to ignore

🏦 RATE HIKE ODDS ARE RISING
Markets are now pricing roughly a 68% chance of a September Fed hike. Even weaker economic data hasn't been enough to reverse the shift

📉 RISK ASSETS FEEL THE PRESSURE
Asian equities dropped sharply, while U.S. stocks ended Tuesday lower as rising yields weighed on valuations

🥇 EVEN GOLD ISN'T IMMUNE
Gold has fallen as higher yields and a stronger dollar reduce the appeal of non-yielding assets

₿ CRYPTO IS IN THE SAME BOAT
Bitcoin and Ether are also feeling the broader risk-off mood. When liquidity tightens, crypto rarely gets a free pass.