US Treasury Yields Top 4.8% and Oil Surges Over 4% Amid Escalating Middle East Conflict

Global financial markets experienced heightened volatility on September 2. The 10-year US Treasury yield surpassed 4.8%, while the 10-year Japanese government bond yield exceeded 3% for the first time in 30 years. WTI and Brent crude oil prices both rose by more than 4%, and European natural gas futures reached their highest level since 2023. Conversely, spot gold and silver prices fell by 2.6% and 3.7%, respectively. Geopolitical tensions intensified as US forces targeted Iranian airports and coastal facilities, and two supertankers were struck in the Stra