US 10-Year Treasury Yield at Its Highest Since 2007
In the US, the 10-year Treasury note yield climbed as high as 5.13% during the week, its highest level since 2007's July. The rise was driven by inflation proving stickier than expected, strong growth data, and an increase in corporate and government bond issuance linked to AI-related investment.
Fed Governor Barr: Additional Rate Hikes May Be Needed for Inflation
Fed Governor Michael Barr said additional rate increases may be needed for inflation to return to its 2% target on time. Barr described September's quarter-point rate hike as an "important action" while saying the committee had remained "out of position" on rates for a long time.
Brent Crude Falls 2.2% on Diplomatic Signals Over Hormuz
On the sidelines of the UN General Assembly, signals that the US and Iran were discussing a phased agreement to reopen the Strait of Hormuz rapidly unwound the geopolitical risk premium that had built up in oil prices for months. Brent crude fell 2.2% from its intraday peak of $107.17 to as low as $104.16.
Stronger Dollar and Rising Yields Pressure Gold
The Dollar Index (DXY) rose above 101 points, nearing its roughly two-month high, on strong US data and expectations that the Fed may continue raising rates. Facing a stronger dollar and rising bond yields, gold retreated under pressure to the $4,285 level; although gold has pulled back over the past month, it still trades notably higher on a yearly basis.
Ekonomik Takvim | September 28 - October 2, 2026
🇺🇸 October 2, 2026, 15:30 (TSİ)
US Non-Farm Payrolls (NFP)
The US Department of Labor's September non-farm payrolls report will be released at 15:30 (TSİ); a strong labor market reading could shape expectations for the Fed's October rate decision.
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