The Nasdaq edged lower in the September 15 session as oil prices rose and Treasury yields climbed to their highest levels since 2007. The combination of pricier crude and higher long-term borrowing costs weighed on sentiment across risk assets.
Bitcoin dipped to $76,200, its move lower coming just ahead of a congressional vote on the Clarity Act, legislation that would set regulatory rules for digital assets, and ahead of the Federal Reserve's upcoming policy meeting. Investors appeared to be positioning cautiously in front of both events rather than making directional bets.
What remains unresolved is whether the yield move reflects inflation concerns or simply heavier Treasury issuance, a distinction that will shape how the Fed characterizes its next move.