Economic data
US 10-Year Yield Hits 2002 High; Micron Gives Bullish Forecast
The US 10-year yield hits its highest level since 2002 as rising oil prices fuel a renewed selloff in global bonds. US equity futures get support from chipmakers following an upbeat forecast from Micron. The results were driven by the AI building frenzy, but warned that rising compensation would weigh on profit margins. US companies announce the fewest number of job cuts for any September since 2022. Anastasia Amoroso of Partners Group joins "Bloomberg Brief" to discuss the bond selloff and the biggest risks to the economy. (Source: Bloomberg)