Oil Prices, Bond Yields, AI Jitters Spark Global Market Volatility

Rising oil prices and surging bond yields are causing anxiety in global financial markets ahead of key central bank interest rate decisions.

The CME FedWatch tool shows a high likelihood of a quarter-percentage rate hike by the Federal Reserve on September 16, with expectations currently at 92.5 percent.

Wall Street Futures are trading in negative territory, and major benchmarks in Europe are mostly down.

Crude oil prices have increased due to concerns over energy supply from the Middle East region, while sovereign bond yields are hardening across tenors in the U.S., with the 10-year yield touching its highest level since 2007.