MBS

The yield on the 10-year US Treasury note has risen above 5.3%, reaching levels last seen around 2001. The Wall Street Journal reports surging yields are pulling the bond market back to turn-of-the-century territory, a sign of elevated long-term borrowing costs for the US government and higher mortgage and credit rates for households and businesses.

Russian forces have carried out a large-scale military exercise involving drones, missiles and bombs, one day after President Putin issued a warning directed at Europe. The drill is being read as a show of force amid already heightened tensions between Moscow and European capitals over the ongoing war and NATO's posture in the region.

Senate Republicans are facing worrying midterm news, according to reports circulating in US political coverage. The specifics of the development remain limited, but discussion centres on the party's prospects in upcoming Senate races and what the news could mean for its majority chances. Political commentators are weighing how the party may respond heading into the election cycle.

New figures circulating online state that the climate system is accumulating heat at a rate equivalent to roughly four Hiroshima atomic bombs detonating every second, with most of that energy absorbed by the oceans. The comparison is being shared as a way to make the scale of global warming graspable to the public, reigniting discussion about how quickly the planet is heating and what that means for sea levels, extreme weather and emissions policy.

Elon Musk renamed SpaceXAI to SpaceXSI, and SpaceX stock rose about 5% in response. Morgan Stanley reaffirmed its $300 price target on the company. In wider space-sector trading, Rocket Lab shares slipped while AST SpaceMobile edged slightly higher, keeping investor attention focused on Musk's latest move and what the rebrand means for the company's direction.