Treasury yields climbed again after a brief pause, signaling persistent pressure in the bond market. The 10-year Treasury note yield rose toward recent highs. Investors weighed fresh economic data against expectations for Federal Reserve policy.
Oil prices snapped a multi-day winning streak as supply concerns eased. Traders took profits after crude benchmarks touched their highest levels in weeks. Demand forecasts remain mixed, with global growth worries capping gains.
McDonald’s unveiled a new spending plan focused on restaurant upgrades and technology. The fast-food giant aims to modernize locations and improve digital ordering. Executives said the investment would support long-term sales growth.
Bond markets reacted to stronger-than-expected economic reports. Manufacturing and services data pointed to resilient demand. That reinforced the view that interest rates may stay elevated for longer.
The yield curve remains closely watched for recession signals. Short-term rates stay above long-term rates, a pattern that has persisted for months. Some analysts see it as a warning, while others downplay its accuracy.
Oil’s retreat followed reports of rising inventories and softer Chinese demand. OPEC and its allies have not signaled any change to production targets. Traders remain cautious ahead of upcoming supply data.
McDonald’s plan includes higher capital expenditures over the next few years. The company expects franchisees to share in the costs. Shares moved modestly as investors assessed the spending outlook.
