Dow Jones Top Markets Headlines at 3 AM ET: U.S. Long-End Treasury Yields Remain Elevated; Three-Year Auction Awaited | German ...

Long-dated U.S. Treasury yields stayed near multidecade highs Tuesday as investors weighed fiscal, inflation, and debt-sustainability risks, with attention turning to a three-year auction. In Europe, German factory orders fell 10.6% month over month in August, while eurozone energy costs were pressured by the ongoing Middle East conflict. Markets also tracked oil and shipping disruptions as oil flows reportedly restarted from the Strait of Hormuz, though prices remained elevated amid damaged refineries and tight supplies. Elsewhere, the Nasdaq hit a new record as the 10-year Treasury yield touched a 24-year high, and Saudi Aramco cut November crude prices for Asia by $3 a barrel.