BRENT CRUDE SETTLED NEAR $109 A BARREL, KEEPING PRESSURE ON INFLATION EXPECTATIONS, WHILE A WEAK $13 BILLION 20-YEAR TREASURY AUCTION ADDED TO THE BOND-MARKET SELLOFF.

HIGHER YIELDS ARE RAISING BORROWING COSTS AND PUTTING ADDITIONAL PRESSURE ON EQUITY VALUATIONS, PARTICULARLY LONG-DURATION TECHNOLOGY AND AI STOCKS.

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