_Markets open today_
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📊 *ECONOMY & POLICY*
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💡 *US 10-yr yield hits 5.25%, highest since 2007*
Treasury yields raced to an 18-year high as traders priced in a possible October Fed rate hike, driven by Iran-linked energy inflation fears.
Higher US yields raise the cost of capital for Indian borrowers and pressure FII flows into EM equities like India.
📎 _Read: Yahoo Finance_
📈 *IIP growth accelerates to 8% in August*
India’s industrial output rose 8.0% YoY in August (vs a revised 7.4% in July), led by 9% growth in manufacturing and 12.3% in electricity & gas.
A domestic bright spot against Monday’s market rout — supports the case that the selloff is sentiment-driven, not fundamentals-driven.
📎 _Read: Deccan Herald_
https://www.deccanherald.com/business/industrial-production-rises-8-in-august-govt-data-4162551
🤝 *UAE signals fresh $25 bn India investment* _(substituted — thehindubusinessline.com blocks direct access; verified via Tribune India/ANI)_
Piyush Goyal said the UAE plans another $25 bn of investment on top of the $25 bn already committed, with both sides targeting $100 bn total; bilateral trade goal doubled to $200 bn by 2032.
A long-term positive for ports, shipbuilding, fintech, AI and energy-security plays with UAE tie-ups — timeline and project execution are the key things to track.
📎 _Read: Tribune India (ANI)_
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🌍 *GLOBAL & WORLD*
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🔥 *US rejects Iran’s Hormuz deal; Houthis hit Riyadh*
Trump confirmed rejecting Tehran’s latest Strait of Hormuz reopening proposal just as Yemen’s Houthis targeted Saudi Arabia’s capital over the weekend.
This is the single biggest swing factor behind this week’s crude spike and the resulting pressure on Indian equities, the rupee and inflation expectations.
📎 _Read: Bloomberg_
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_Compiled by Daily Business Briefs · 29 Sep 2026_