On Tue, 29 Sep 2026 - US stocks fell sharply as the 30-year Treasury bond yield climbed past 5.61%, hitting a multi-decade high that pressured equity valuations.
Yields surge was fueled by persistent inflation anxieties, exacerbated by elevated energy costs from ongoing US-Iran tensions.
Compounding market worries, US consumer confidence reported dropped to 12-year low due to high living costs.
Downbeat labour data showing a decline in August job openings signaled cooling economic momentum, reinforcing investor caution.
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