Tether issues an additional 1 billion USDT (authorized but not yet issued)

U.S. Treasury bonds are currently facing multiple pressures, including high oil prices intensifying inflation, rising expectations of Federal Reserve rate hikes, soaring fiscal deficits, and large-scale corporate bond issuances. At the same time, the $6 billion buyback scale has fallen short of market expectations. While Bessent had previously made lowering long-term yields a policy goal, on Tuesday he admitted that it's impossible to change the "equilibrium" price of government bonds. Analysts pointed out that buybacks cannot stop the fundamentals-driven yield trends, likening it to "the Treasury bringing a pea shooter to a tank battle."

Apple held its annual fall product launch event on Wednesday, officially releasing the company's first foldable smartphone, the iPhone Duo. The event also saw the debut of the iPhone 18 Pro series, Apple Watch Series 12, Apple Watch Ultra 4, and AirPods 5, among other new products.

As international energy prices continue to rise, intensifying market concerns about persistently high inflation over the coming year, traders are significantly increasing their bets on further interest rate hikes by the European Central Bank and the Bank of England.