U.S., Taiwan, Japan, and South Korean stocks, along with crypto, all declined! U.S. 10-year Treasury yield surged to 5.3%, impacting global markets. ⭐ Favorable conditions for markets include: a gradual decline in the 10-year Treasury yield, controlled inflation, weakening employment data, and reduced expectations for rate hikes. Bond Price and Yield Relationship: Buy bonds → Price rises → Yield falls Sell bonds → Price falls → Yield rises (current situation) A 5.3% Treasury yield means earning 5.3% annual return over 10 years if held to maturity—effectively a long-term risk-free return, assuming no default risk from the U.S. government. Yields continue to rise because lingering inflation above target and expectations of further rate hikes are deterring investors from locking funds into 10-year bonds. Although the probability of a rate hike this month has dropped to 16%, the likelihood of a hike in December remains high at 75% (@Polymarket data).