Tuesday 29 September 2026 07:00 UTC
Risk sentiment is deteriorating on two fronts: a bond rout pushing US10Y to 5.24% is pressuring risk assets broadly (SPX -0.77%), while Iran-related geopolitical tensions are elevated following the US military exit from Iraq and ongoing nuclear deal negotiations. The DXY is marginally firmer at 101.28 and VIX at 16.1 remains technically calm, but the rates backdrop is the dominant headwind — high real yields compress crypto risk premium. Today's key scheduled event is US JOLTS Job Openings (Aug) at 14:00 UTC; a beat above 7.24M consensus would reinforce the higher-for-longer rates narrative and add further pressure to risk assets. Core PCE and GDP final print tomorrow at 12:30 UTC represent the week's largest macro event risk — positions held through Thursday carry that tail.