Economy
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EconomyUS 10-Year Yield Hits 2002 High as Micron Offers Bullish Forecast
The US 10-year yield reaches its highest level since 2002 as rising oil prices trigger another selloff in global bonds. Chipmakers support US equity futures after Micron delivers an upbeat forecast, driven by the AI construction boom, while warning that higher compensation will pressure margins. US companies announce their fewest September job cuts since 2022.
