Bond yields surge to fresh two-decade highs as oil prices hit $105 per barrel
Key U.S. Treasury yields surged to fresh two-decade highs on Thursday as oil prices returned to $105 per barrel.

Key U.S. Treasury yields surged to fresh two-decade highs on Thursday as oil prices returned to $105 per barrel.

US President Donald Trump said he does not expect his summit with Chinese President Xi Jinping to produce any moves toward putting guardrails around artificial intelligence.
U.S. President Donald Trump said artificial intelligence will be a major topic when he meets Chinese President Xi Jinping on Thursday, while adding that both leaders want to keep things as they are.

US President Donald Trump will welcome Chinese leader Xi Jinping at the White House on Thursday for a day of elaborate ceremony. Trump greeted Xi personally on the tarmac after his arrival Wednesday, marking the first such welcome by a US president at Joint Base Andrews near Washington in more than six decades. The gesture has angered members of both parties.

US President Donald Trump is giving Chinese President Xi Jinping a lavish welcome ahead of their Thursday summit in Washington. But could Xi be overconfident in believing that the future belongs to Beijing? FRANCE 24’s Yinka Oyetade discusses the question with Rex Li of King’s College London.
Donald Trump and Xi Jinping agreed to extend a trade truce until early 2027. Tensions over rare earths, technology restrictions and Taiwan remain, but neither leader is ready to disrupt relations between the world’s two largest economies.
The Trump-Xi summit is reducing the geopolitical discount attached to China’s dollar credit and reviving appetite for overseas risk, Bloomberg Intelligence says.

Xi Jinping’s first visit to the White House in more than a decade takes place as the United States and China remain at odds over trade, artificial intelligence and Taiwan, with the war in Iran also shaping the talks.

US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit. Xi’s first US trip in nearly three years will test ties strained by tensions over trade, technology, Taiwan and Tehran. Major breakthroughs were not expected, though Washington and Beijing could extend their 11-month trade truce.

President Donald Trump welcomed Chinese President Xi Jinping with a literal red carpet at Joint Base Andrews on Wednesday. NBC said the honor has not been extended to another world leader, apart from a pope, in six decades. The administration is also promoting a two-month extension of the U.S.-China trade truce that was due to expire in November.
Wall Street futures fell on Thursday as the Middle East conflict showed little sign of resolution. Investors were also cautious ahead of the closely watched summit between Donald Trump and Xi Jinping.

Donald Trump was caught off guard by the sound of a fighter jet during the military ceremony as he welcomed Chinese President Xi Jinping for a state visit on the tarmac of an airport near Washington. The noise prompted a series of startled expressions from the US president.
The United States and China extend their trade truce as Donald Trump meets Chinese President Xi Jinping.

Donald Trump welcomed Chinese President Xi Jinping at Joint Base Andrews, marking Trump’s first trip there to receive a foreign leader. The two are expected to discuss Taiwan, artificial intelligence, trade and Iran.
U.S. and Japanese government and company officials met two weeks before Donald Trump’s summit with Chinese President Xi Jinping to discuss supply bottlenecks affecting access to yttrium from China, according to a document seen by Reuters. The rare earth metal is vital to aerospace and chipmaking.

Xi Jinping arrived in Washington for a state visit, where Donald Trump personally met him at the airport amid a guard of honor, a 21-gun salute and a flypast. Scholars say the gesture was both an effort to do business with China and a way for Trump to show Americans his ability to manage major-power relations. The extension of the trade-war truce adds to the visit’s significance.
Soybeans, sorghum and other US farm products are expected to feature prominently at this week’s summit between President Donald Trump and Chinese President Xi Jinping. Rare-earths trade and artificial intelligence are also points of contention.
Beijing plans to use its edge in critical materials as leverage in talks with Washington.

US President Donald Trump is hosting Chinese President Xi Jinping at the White House on Thursday for a lavish state summit expected to emphasize symbolism more than substance. Both leaders want to project stable ties despite deep rivalry. Trump greeted Xi at Joint Base Andrews on Wednesday evening, the first such welcome there by a US president in 11 years.

China confirmed that its first artificial-intelligence discussions with the United States have taken place, just hours before President Xi Jinping was scheduled to begin talks with U.S. President Donald Trump. The announcement hinted that the trade truce could be extended.
The United States is expected to remain dependent on China for rare earths well into the 2030s, despite rapidly expanding its own mining and processing capacity. That stark imbalance will confront Donald Trump as he meets Chinese President Xi Jinping on Thursday.
Xi Jinping arrived in Maryland for a US state visit, where Donald Trump greeted him at a ceremony featuring flags, military honours and a flyover.
Chinese President Xi Jinping and his wife, Peng Liyuan, arrived in the United States for a state visit and stepped out of the aircraft at Joint Base Andrews, where Trump greeted them at the airport.

US President Donald Trump and Chinese President Xi Jinping are expected to discuss trade, artificial intelligence and the Iran war at their third in-person meeting in a year. Taiwan, tariffs, prisoners and an extended trade truce are also likely to feature, with the two sides expected to issue separate statements afterward.

Experts say Donald Trump and Xi Jinping’s summit is more likely to focus on rebuilding trust and preserving a trade truce than producing major agreements. Trade, AI safety and security will be discussed, but tariffs, critical-mineral supplies, chip restrictions and wider distrust could limit concrete results.
U.S. President Donald Trump is welcoming Chinese President Xi Jinping to the White House on Thursday for a lavish state summit expected to emphasize symbolism over substance. Both leaders want to project stable ties despite their deep underlying rivalry.

Xi Jinping arrived in Washington for his first state visit to the United States in 11 years, receiving a personal welcome from Donald Trump. Peng Liyuan, Cai Qi and Wang Yi accompanied him, while Melania Trump helped plan the visit. The summit is expected to cover AI competition, Taiwan, tariffs and Iran, but the lavish welcome has drawn Republican criticism and exposed divisions over China policy.
As world leaders convene at the United Nations for their annual diplomatic ritual, the two most powerful figures in global politics, Donald Trump and Xi Jinping, are set to meet separately at the White House on Thursday.
Taiwan’s government thanked the United States on Thursday for its support and said it was maintaining communications ahead of a Washington summit between President Donald Trump and Chinese leader Xi Jinping.
Treasury Secretary Scott Bessent said the United States and China had agreed to extend their trade truce by two months. Xi Jinping arrived in the US for his first state visit in 11 years and received a rare welcome from Donald Trump.

Donald Trump welcomed Xi Jinping at Joint Base Andrews with a red carpet, military flyover and marching band as the Chinese leader began a three-day Washington summit. Treasury Secretary Scott Bessent said the US and China had agreed to extend their trade truce until January, while talks are expected to cover trade, AI, the Iran war and Taiwan.
Türkiye is increasingly serving as an important alternative channel for Iraqi oil exports to overseas markets.

Oracle is seeking to delay payment on Project Jupiter if the data center fails to come online as expected in 2028, according to a report. Oracle shares fell after the report emerged.

Oracle has sent developer Blue Owl a “force majeure” notice in an effort to protect itself from potential cost increases tied to a large data center project in New Mexico, Bloomberg News reported.
The 10-year yield on US government debt cannot sustainably rise much further.
Finance Watch has warned that online design tactics can steer consumers, retail investors and minors toward decisions that may not serve their best interests, while making information about possible risks less visible.
MGM Resorts shares fell 10% on Thursday after People Inc, the company of media mogul Barry Diller, withdrew its proposal worth more than $18 billion to acquire the casino operator.
Digital-asset investment firm RockawayX, which manages $2 billion, is launching a $150 million initiative to back and build projects that bring real-world yields into DeFi while providing them with liquidity.

The Energy Department is set to announce nearly $2 billion in spending aimed at extracting more electricity from the nation's aging and stressed power grid.

McDonald’s says it will invest $8.5 billion by 2036 in initiatives including restaurant remodels, retraining its 2 million employees and adding menu items aimed at people seeking high-protein options.
HIFI raised $37 million in Series A funding led by Left Lane Capital to scale its tokenized settlement infrastructure.

US long-term borrowing costs reached their highest level in more than 20 years on Thursday as a months-long bond-market selloff intensified.
U.S. bond yields were little changed early Thursday after a sharp rise the previous day sent risk markets significantly lower. Bitcoin edged down as investors focused on the bond market.

The 10-year Treasury yield climbed to its highest level since 2007, sending U.S. stocks and cryptocurrencies lower before traders in Asia and Europe bought the dip.

Data suggests that Bitcoin largely ignores rising bond yields over longer periods. In the near term, however, a sharp increase in bond-market volatility could dampen crypto’s speculative appetite.
Europe’s payment sovereignty exposure lies less in the card people carry than in the currency underpinning it. The article argues that Europe needs to strengthen the euro’s international role.
Traders see four Federal Reserve rate hikes by June 2027 as the most likely path. Rising bond yields and a stronger dollar are weighing on bitcoin and gold, with bitcoin slipping below $83,000.

Executives at Massumi + Consoli are betting that a new ownership model will let law firms attract partners through equity incentive plans.
The US Export-Import Bank is offering up to $6 billion in financing for Argentina’s signature natural gas project, giving another boost from the Trump administration as President Javier Milei seeks foreign investment.
The US 10-year real yield rose from 2.63% to 2.76% after stronger business activity prompted investors to reprice interest rates. Bitcoin fell as low as $83,500, triggering about $280 million in long liquidations. Glassnode identifies $84,000–$85,000 as the nearest key support zone, with $77,000 as the main downside reference if it breaks.

As Chinese President Xi Jinping arrives in Washington for a highly anticipated summit with US President Donald Trump, China appears to have emerged stronger from the tariff shock. Its exports rose 25% last month on an annualised basis, lifting the trade surplus to $119 billion and putting it on course to surpass last year’s record $1.2 trillion. The surplus with the US climbed 44% to $29 billion, its widest gap since Trump returned to office.

SoftBank has raised $11bn through a record junk bond offering to fund its bet on OpenAI. Yields as high as 9.75% are being seen as a sign that investors remain willing to finance the artificial intelligence boom.

SoftBank shares rose more than 7% after the Japanese technology investor issued $11.1 billion in bonds to help finance its investment in OpenAI.
The Bank of Russia bought 1.9 billion rubles ($22.41 million) worth of yuan on the domestic market, with settlement on September 23, according to regulator data. Purchases settled on September 22 also totaled 1.9 billion rubles. The transactions use the yuan-ruble instrument on the Moscow Exchange.
DBS Bank says investors are moving away from treating China as a single investment bet and are instead picking individual winners. Technology is replacing property as the growth engine, with artificial intelligence, advanced manufacturing and innovative drugs seen as sectors that could benefit.

Prime Minister Mark Carney says international payments can be used as leverage against countries and has told the EU he wants “deep co-operation” in this area. As concerns grow over U.S. influence on other countries’ financial systems, what would Canada need to do to shield itself from American “rogue behaviour”?
U.S. Treasury yields continued to rise after the 10-year yield reached its highest level in 19 years on Wednesday, as investors increased their bets on further interest-rate hikes.

Russia’s MOEX and RTS indices gained 0.58% at the opening of Thursday’s main trading session, reaching 2,325.76 and 868.1 points. The indices later extended their gains, while the yuan weakened against the ruble. The MOEX morning-session index also rose.
China Asset Management (Hong Kong), the offshore arm of a major mainland Chinese asset manager, has introduced three ETFs in the city: a Hong Kong high-dividend fund, a Hong Kong growth fund and a Hong Kong-US “Halo” fund. They are scheduled to list on September 30 with Hong Kong dollar and yuan trading counters.

History suggests US stocks may weaken as the Federal Reserve begins raising interest rates. Investors assessing the eventual market impact are focused on how aggressively the central bank hikes and how the economy responds.
South Africa risks losing future vehicle production to Asian rivals as global automakers choose where to build the next generation of electric vehicles, executives say, despite a new government tax incentive designed to attract investment.
Washington is considering a plan to actively promote US dollar-backed stablecoins worldwide in an effort to reinforce the greenback’s status as the global reserve currency.

Shares traded mixed early Thursday as investors sought to assess recent swings in oil prices and the US bond market.
MoonPay has agreed to acquire North Capital Investment Technology, subject to regulatory approval and other closing conditions. If completed, North Capital and its PPEX alternative trading system would join MoonPay, but the companies have not disclosed whether customers will gain access to private-securities trading, under what terms or when.

Big Tech bonds are probably not crowding out US Treasury securities.
A rebound in oil, the strongest U.S. business survey in five years and a poorly received five-year Treasury note sale pushed borrowing costs higher. Dogecoin led losses among tokens, falling 8%, while bitcoin slipped below $84,000.

The global bond sell-off is intensifying as oil prices remain above $100. Rising yields are putting pressure on public finances, while expectations of a Federal Reserve rate increase in October have climbed to about 70%.
ShenGu Group, a state-owned industrial compressor maker in Liaoning, drew attention after its Shanghai listing. Its shares rose 1,216% from the offer price to an intraday high on the second trading day, while the overall surge exceeded 1,700%, prompting the exchange operator to intervene against speculative trading.

Record diesel prices and refining margins have driven European oil majors up between 40% and 87% this year. The ten strongest performers are highlighted.
Airtel Money’s IPO points to a possible route back for London’s market. What begins as a niche investment could draw more mainstream sector analysts and investors.
Emerging markets are borrowing abroad at a record pace, as fallout from the conflict, higher interest rates and a stronger dollar have failed to dent investor appetite for their bonds.
Debt markets came under pressure on Thursday, with Japanese government bonds tracking Treasuries lower. Asian stocks were mixed as investors considered persistent Middle East tensions and the possibility of talks between the United States and China.
Japan’s 10-year government bond yield climbed to its highest level in 30 years on Thursday, following a sharp rise in Treasury yields.

The US Treasury plans to purchase as much as $6 billion of longer-dated government debt on Thursday. The operation is the first of its kind under Secretary Scott Bessent’s expanded program, which aims to contain the recent increase in borrowing costs.
After years of retreat, foreign investors are beginning to revisit mainland China’s commercial property market, attracted by sharply lower asset prices, wider yields and cheaper yuan financing. Analysts said cross-border capital remains only a small share of the market and does not yet represent a broad return. Some international investors are instead participating through China’s domestic capital markets, including onshore REITs.

Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity pushed Treasury yields higher and triggered leveraged-long liquidations. S&P Global’s composite PMI reached 58.4, its highest level in more than five years, while the 10-year Treasury yield moved back above 5%, reviving concerns that rates may remain elevated.

Monte dei Paschi CEO Luigi Lovaglio urged investors to support his strategy for defending the Italian bank against Intesa Sanpaolo’s takeover bid, even if they plan to tender their shares under the offer.
Private equity firm Hellman & Friedman is considering a sale of insurance software provider Applied Systems that could value the company at as much as $10 billion, according to people familiar with the matter.
Circle has activated StableFX, a 24-hour stablecoin foreign-exchange settlement service on its Arc blockchain. Screened businesses can solicit quotes from multiple liquidity providers and settle both stablecoin legs simultaneously through smart-contract escrow. The institutional service is aimed at payment companies, financial institutions and corporate treasury desks seeking FX access beyond banking hours.

The 10-year US Treasury yield jumped Wednesday to return near its highest level in almost 20 years, as fresh data pointed to strong business activity and mounting inflation worries.
US Treasury yields surged after strong economic data encouraged investors to bet on additional interest-rate increases. A closely watched survey highlighted concerns that parts of the world’s largest economy may be overheating.
Government debt costs jumped sharply on Wednesday as Treasury yields surged, with multiple factors driving the increase. The rise could have broad implications for the economy.

BlackRock says increasingly autonomous AI systems could become a new class of stablecoin customer, making continuous micropayments for data, software and computing resources. Its report says stablecoins may benefit from machine-native commerce, though traditional payment networks could adapt and the value captured by crypto assets will depend on fees, staking and gas-sponsorship models.

US Treasuries fell further on Wednesday as strong economic data and a weak debt auction pushed yields across most maturities to their highest levels in nearly two decades. The five-year yield rose above 5% for the first time since 2007.
McDonald’s said Wednesday it will invest $8.5 billion over the next decade to modernize its restaurants worldwide, including adding more technology and hand-breaded chicken offerings.
USA Rare Earth, a small magnet maker, drew $1.6 billion in bets from Commerce Secretary Howard Lutnick and Cantor Fitzgerald, the firm he once ran. The investments focused on the company’s unproven assets.
Microsoft plans to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, including in cloud and AI infrastructure. A senior executive said the investment would focus on resilience.
For years, a 5% yield on the benchmark 10-year U.S. Treasury was seen as the level that could trigger turbulence across global financial markets. That threshold is increasingly viewed not as a ceiling but as a waypoint, prompting investors to worry about a rise to 6%.
Prediction market Kalshi says the CFTC is not investigating its trading activity. It attributes unusual patterns in its ether perpetual market to liquidity incentives.

The Bank of Russia plans to issue comprehensive recommendations requiring banks to examine the origins of clients’ cash and update suspicious-transaction typologies. Official Bogdan Shablya said cash of “unknown origin” comes mainly from illegal cryptocurrency exchanges in Moscow. Cash in circulation has risen by 2.5 trillion rubles since the year began, while businesses’ demand has grown partly as they adjust to 2026 tax changes.
Coinbase stock tokens have recorded more than $1 billion in cumulative trading, but the available liquidity may not absorb large sell orders, especially outside U.S. equity hours. A check of ten tokens on Base found estimated gaps of 0.06% to 0.71% on roughly $100,000 routes versus KyberSwap’s own valuations. Historical turnover does not equal ready buyers.

The MOEX Index gained 0.53% to 2,312.27 points at the close of the main trading session, while the dollar-denominated RTS Index rose 0.13% to 863.08. The yuan climbed 10 kopecks to 12.7 rubles. Lukoil led gainers, while Credit Bank of Moscow fell 5.2%.
Bitcoin’s move above $80,000 is attracting institutional demand, while analysts assess whether the breakout can last. K33, Nexo and 21shares weigh in as ETF inflows reach their highest level since November 2024, with resistance identified at $87,000–$88,000.

Money-market mutual funds absorbed about 85% of the more than $550 billion increase in US Treasury-bill supply during July and August, according to the Treasury Department. Stablecoin providers hold nearly $200 billion in short-dated government debt, but that stock differs from the two-month purchase figure and may overlap with money-fund and repo holdings.

The Bank of Russia bought yuan worth 1.9 billion rubles, or $22.4 million, on the domestic market with settlements on September 22, according to regulator data. The transactions are conducted through the yuan-ruble instrument on the Moscow Exchange’s currency section.
U.S. Treasury bond yields surged Wednesday to nearly a 20-year high as oil prices also climbed back above $100.

A Morgan Stanley staffer accidentally emailed an internal document listing more than 100 investment-banking deals the firm is pitching or monitoring in Asia. The employee later tried to retract the message.
Coin Metrics corrected Bitcoin ETF-related on-chain data covering Feb. 7, 2025, through Sept. 17, 2026, affecting 35 daily and 25 hourly series, including deposits, withdrawals, transfers and transactions. The provider gave no before-and-after values, aggregate difference or direction of change. Models, charts and research using the affected data may need to be backfilled and rerun.

Blockchain.com and the New York Stock Exchange have agreed to explore access to tokenized U.S. stocks and ETFs, pending regulatory approval.

US-listed Bitcoin ETFs attracted more than $1.7 billion this week, reversing a $5.69 billion year-to-date deficit. BlackRock’s IBIT captured a large share of the buying, but Bitcoin’s climb toward $88,000 prompted short-term holders to send about 47,600 profitable BTC to exchanges. The resulting profit-taking has slowed the rally despite continued ETF inflows.

An e61 Institute analysis of historical data suggests most Australian property investors could ultimately pay less capital gains tax under Labor’s budget reforms. The research says public debate has overstated the cost to landlords, although investor credit growth has slowed and changes to negative gearing may still affect market decisions.

Bank of Russia Governor Elvira Nabiullina said the mass launch of the digital ruble on September 1, 2026, proceeded as planned. She said citizens and businesses now have an additional tool for payments and settlements, meaning Russia has all components of a national payment infrastructure.
Taipei-based TCC Group Holdings has approved a deal worth up to €750 million to acquire all shares in Ivano Frankivsk Cement and three related companies through its Dutch subsidiary. Pending regulatory approval in Taiwan and Ukraine, the purchase would be one of the largest wartime private investments in Ukraine’s cement sector and support reconstruction capacity.

MoonPay plans to acquire SEC-registered North Capital in an all-stock transaction valued at $60 million. CEO Ivan Soto-Wright said the deal will support the company’s push for mass adoption of tokenized real-world assets.

The US Treasury market is under strain, oil prices have surged and the yen could weaken again. Whatever Treasury Secretary Scott Bessent may have said, the US government is not large enough to be the house that always wins while repairing global markets. The 10-year Treasury yield briefly hit 5.04% last week, its highest level since 2007.

British retail and funerals group Co-op reported a wider first-half loss after increasing spending on promotions and store improvements. It expects those investments to help deliver a much stronger second half of 2026.
European shares edged up on Wednesday as falling oil prices improved risk sentiment. Investors also assessed business activity data showing that euro zone growth accelerated unexpectedly this month.
Hong Kong’s Securities and Futures Commission plans to add a yuan-trading counter to a cross-border channel linked to mainland Chinese investors by July 1. The move is the latest part of the city’s efforts to advance the internationalisation of the Chinese currency and implement its first five-year plan and 2026 policy address.

TotalEnergies and Nigerian partner AMNI have approved the final investment decision to develop the offshore Ima gas field in Nigeria. The French oil major said the project will supply gas to a Nigeria LNG liquefaction plant.
A Sept. 22 day-ahead market look says the S&P 500 has a “breadth” problem, while crypto does not.

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