Live: ASX to fall as bond market turmoil deepens, oil jumps

The ASX is set to fall as global bond markets come under renewed pressure.The US 30-year yield hit its highest since 2004, while the 10-year yield reached levels not seen since 2007.On Wall Street, the S&P 500 finished slightly lower, the Dow fell 0.3 per cent, while the Nasdaq was broadly flat.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Fri 25 Sep 2026 at 7:25amFri 25 Sep 2026 at 7:25amMarket snapshotASX 200 Futures: -0.3% to 8,708 points Australian dollar: flat at 70.12 US centsWall Street: Dow Jones (-0.3%), S&P 500 (-0.02%), Nasdaq Composite (+0.01%)Europe: Stoxx 600 (-0.55%), DAX (-0.57%), FTSE (-0.2%) Spot gold: -0.2% to $US4,277/ounceOil (Brent futures): +3.8% to $US107/barrelIron ore: +0.5% to $US96.30/tonneBitcoin: -0.06% to $US84,39910-year bond yield: US 5.2%Prices current at around 7.15 AM AEST Fri 25 Sep 2026 at 7:43amFri 25 Sep 2026 at 7:43amStarbucks to close another 250 shops in North AmericaStarbucks will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing, as CEO Brian Niccol pushes forward with his turnaround push to revive sales.The announcement comes a year after Starbucks shut down several underperforming stores in the region, including its iconic Seattle roastery, in a restructuring effort that was estimated to cost the company about US$1 billion.The company disclosed that the fresh closures will result in about US$300 million in restructuring charges, and represent about 1% of its roughly 18,000 stores in North America.It plans to finish most of the closures by the end of fiscal year 2026.​​​​Starbucks also expects fiscal 2026 global net new store openings for company-operated and licensed coffeehouses to be about 440, compared with its earlier target of 600 to 650 openings.With ReutersFri 25 Sep 2026 at 7:16amFri 25 Sep 2026 at 7:16amASX set to fall, bond market sell-off continuesHappy Friday, all!Welcome to the ABC's business and finance blog.Lin Lin here to take you through the latest market news from overnight and over the morning.The ASX is set to open lower by 0.3%The Australian dollar is also lower and buying 70.11 US cents. Bond markets came under renewed pressure overnight with US 30-year bond yields hitting a more than 20-year high as surging oil prices reignited worries about higher inflation and more US Federal Reserve interest rate hikes.I'll be back shortly with more!