Market AnalysisIMPORTANTSeptember 2 at 05:15 AM

[MARKET UPDATE] Bond yields resume upward price action as crude prices remain elevated; major news flow light in recent trade

StockNow breaking-news AI analysis

Global bond yields climbed as elevated crude oil prices and inflation concerns reinforced central bank rate hike expectations, pushing borrowing costs to multi-year highs across major economies.

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Today's market highlights

A selection of stories drawing attention in the market.

FX/Bonds

[MARKET UPDATE] USD/JPY continues to extend lower, and falls towards a 159.55 trough, but lacks a clear driver

Geopolitics

US Treasury Secretary Bessent says his advice regarding Iran and Russia is to “stay away from them,” adding that no one should support the regimes, via a Fox News Interview

Geopolitics

Pakistan's foreign ministry says Army Chief Munir visited Tehran and generated substantial momentum on the Strait of Hormuz issue; positive about all parties returning to the negotiating table