Investors wrestle with interest rates uncertainty, economic shifts, and volatile yields. The risk-off sentiment that dominated the third quarter (Q3) rolled over into October, leading to selloffs across all major asset classes. Investors revised their interest rate outlook upward in response to several factors, including a stronger-than-expected US economic performance, mixed inflation data, robust consumer indicators, hawkish remarks from the Federal Reserve Chair, and heightened uncertainties stemming from unrest in the Middle East impacting energy prices. Mixed earnings reports from US companies also weighed on sentiment, especially gloomy earnings guidance for the fourth quarter (Q4).