Yields Rise Ahead of Inflation Data as Oil Holds Above $100

Markets were mixed as traders awaited U.S. wholesale inflation data, lifting Treasuries with the 10-year around 4.86%, the 2-year about 4.44%, and the 30-year near 5.31%; oil stayed above $101 a barrel amid Middle East tensions and supply concerns, while Europe opened higher and Asia closed mixed. Apple revealed a $2,000 foldable iPhone Duo and other products, the ECB was broadly expected to raise rates, and UBS warned of complacency amid mounting risks. DBS faced a $1 billion lawsuit linked to 1MDB, and the 30-year fixed mortgage climbed to 6.97%, its highest in over a year. After-hours movers included AeroVironment and American Eagle, and stock futures hovered near flat as markets digest inflation, policy paths, and geopolitical risk.