According to Wallstreetcn, U.S. 10-year Treasury yields declined by 1 basis point to 4.7881% on Wednesday, September 2, after a V-shaped reversal around the ADP employment report released at 20:15 UTC+8. The session saw yields trading between 4.8162% and 4.7660% during the day.

The two-year note yield fell 2.48 basis points to 4.731%, briefly hitting a daily low of 4.3586% at 20:21 UTC+8.

The 30-year bond yield dropped 1.27 basis points to 5.2603%.

The 2/10-year yield spread rose 1.866 basis points to +41.080 basis points.

10-year TIPS yields were little changed at 2.4375%, while 2-year TIPS yields rose 0.17 basis points to 1.9244% and 30-year TIPS yields fell 1.43 basis points to 2.9864%.

Jin10 reported that the Sirik Province governor's office in Iran said the noises heard tonight in the Kuhestek Port area were the result of clearing unexploded U.S.-made munitions.

Crypto-focused political action committee Fairshake has assisted roughly 50 candidates in securing nominations as the U.S. primary cycle heads toward its conclusion.

The roster includes Democratic Representative Jake Auchincloss of Massachusetts, along with Republican contenders Barry Moore of Alabama, Andy Barr of Kentucky, Kevin Hern of Oklahoma, and Harriet Hageman of Wyoming.

According to ChainCatcher, the prediction markets Polymarket and Kalshi assign these candidates generally a greater than 94% likelihood of winning in November.

Fairshake spokesperson Geoff Vetter said the group has earmarked $122 million for the fall election.

ChainCatcher also notes a setback in Illinois, where Fairshake spent more than $10 million attempting to block Democrat Juliana Stratton from securing the nomination.

Separately, Fellowship PAC, backed by Cantor Fitzgerald and Anchorage Digital, has spent about $11 million, far below its previously stated $100 million target. The Digital Freedom Fund, financed with $21 million by the Winklevoss brothers, has not yet backed any specific candidates.

Argentina's Foreign Minister Pablo Quirno said on September 2 that Buenos Aires intends to use all available means to pursue sovereignty over the Falkland Islands, which Argentina calls the Malvinas.

He also indicated that President Javier Milei will address the issue in a nationwide televised speech on the night of September 3.

European equities declined as traders monitored higher oil prices and elevated government bond yields amid renewed fighting in the Middle East, Bloomberg reported.

The move reflected nerves about the inflation outlook.

The S&P 500 rose on Wednesday as markets tried to end a three-day losing streak. Jim Cramer of Investing Club cautioned that the rebound could be fragile if tensions in the Middle East reemerge, suggesting investors stay selective. He said the Investing Club is adding positions and deploying cash, with plans to initiate holdings in Kimberly-Clark and BNY Mellon, the latter formerly Bank of New York Mellon.

Nvidia shares rose 4% after Dell posted a stronger-than-expected quarter and raised its fiscal 2027 earnings outlook by more than 40%.

Broadcom is set to report earnings after the bell. Portfolio director Jeff Marks noted that investors will be looking for an uptick in guidance and more clarity on Broadcom's relationship with Alphabet in the wake of Alphabet's recent custom silicon deal with Marvell.

Citing Jin10, a report attributes the comment to U.S. Commerce Secretary Lutnick, who said Anthropic has realigned with the administration and is cooperating with the Trump administration.

Market participants who had hoped Senegal could avoid default are selling its near-term notes as they anticipate losses, Bloomberg reports.

The decline in the country’s short-dated bonds comes as investors expect the debt restructuring to entail losses for creditors.

The EU is tightening traceability requirements for Brazilian beef, a move Bloomberg says could limit shipments to Europe and threaten Brazil's premium market.

In remarks reported by CNBC, New York Fed President John Williams attributed the recent jump in Treasury yields to a robust economy rather than market dysfunction. In a CNBC Squawk Box interview, he said he is still reviewing incoming data and did not indicate whether another rate increase would be appropriate.

Williams said the move in the Treasury market is driven largely by the solid economy and its outlook, supported by sizable investment in AI, data centers, and technology.

He added that inflation expectations remain well anchored despite this year's rise in prices tied to tariffs and the Iran War.