Economy
US 10-Year Bond Yields Hit Three-Year High
Upstox39m
THE BRIEF
1
US 10-year Treasury yields spiked above 4.75% on Monday, reaching levels not seen since October 2023 due to renewed fears of interest rate hikes.
2
The CME Fedwatch tool currently indicates a 63% probability of a 25 basis point rate hike during the Federal Reserve's upcoming September policy meeting.
3
Apple CEO Tim Cook announced his exit effective September 1, with John Ternus set to succeed him as the company prepares for a product launch event on September 9.