Public Markets 24 Hours

Last updated: September 24, 2026, 10:12 PM ET

Equities

U.S. equity futures declined as Treasury yields surged, with the S&P 500 contract sliding 0.3% amid concerns over sticky inflation and a deepening global bond selloff. Stocks climb back to par as investors weighed mixed earnings, while Meta’s best month since 2013 has it on cusp of $2 trillion on AI optimism. Oil prices fall on optimism around U.S.-Iran diplomacy, Saudi pipeline restart after Secretary of State Marco Rubio announced Riyadh had restarted flows, though European diesel prices surge ahead of US on export-ban risks as the arbitrage widens. Gold muted as oil treasury yields resume climb fell 0.4% for a fourth consecutive session, pressured by real yields near three-month highs.

Fixed Income

The Treasury selloff accelerated, pushing the 10-year yield above 4.6% and the 30-year to its highest since 2004, as bond traders overvalue oil price impact and U.S. long-term borrowing costs touch highest level since 2004. Muni 30-year yield exceeds 5%, highest since at least 2011 as state and local governments face mounting financing costs. Allspring, BlueBay bet on rate-hike reversal by sticking with short-dated bonds in Europe and the UK. Japan 10-year yield climbs to 1996 high amid global rout joining the worldwide move higher, while U.S. government airs pro-Trump anti-communism ad underscores political turbulence in markets.

Commodities

Oil steadied after OPEC+ signaled output increases and Saudi Arabia downs Houthi missiles targeting kingdom, but European gas advances on U.S.-Iran tensions as supply concerns linger. Gold futures settle lower with U.S. yields rise as the metal loses safe-haven appeal, while Saudi says international community must deal with Houthi threat after regional escalation fears. Treasury rout threatens EM carry trade as Citi pulls back exposes fragility in higher-yielding assets, and Qatar boosts LNG traffic through Hormuz amid global shortage to offset European deficits.

M&A & Deals

SoftBank pays steep price for record bond sale to fund OpenAI bet after yielding up to 9.75% to raise over $11bn, while Anthropic to pay Akamai $11.6 billion over seven years for cloud services with a potential $9bn expansion. Goldman reaped more than $200mn in fees from hedge fund Situational Awareness as the AI-focused firm becomes Wall Street’s biggest client. Vistry vows to simplify business after £83mn first-half loss as the UK housebuilder scales back growth, and Schneider Electric to launch bid for Shelly Group in $1.4 billion deal to combine smart-device technology with industrial automation.

Geopolitics & Energy

Trump-Xi summit narrows China credits geopolitical discount as diplomatic engagement reduces risk premiums, while UAE halts Iranian flights over US sanctions on route connectivity. Iran flights to UAE halted by US sanctions disrupt regional logistics, and Chinese components to Iran amid Trump-Xi summit complicate export controls. Europe warns of Russia’s hybrid attacks but struggles to counter them as Russia’s $6.9bn sanctions evasion scheme expands, and Diesel export ban folly could drive prices higher by constraining supply.