The third quarter of 2025 saw significant market volatility as the Middle East conflict between the U.S., Israel and Iran weighed on risk assets. U.S. equities experienced a notable slowdown, with the S&P 500 gaining 2.03%, the Dow Jones falling 1.9% and the Nasdaq rising 2.2%. Government bonds suffered a broad selloff, with 10-year and 30-year Treasury yields hitting their highest levels since 2007 and 2002 respectively, the 10-year yield remaining above 5%. Brent crude oil surged 42% to $103.53 per barrel, marking the third-highest quarterly gain in the past decade, while the U.S. dollar index held steady at around 101.45, up 3% year-to-date.
Source: Read the original article

