The U.S. 10-year Treasury yield reached 5.243%, its highest level since April 2002, as markets opened October with the September nonfarm payrolls report due at 8:30 a.m. ET on CNBC's Squawk Box. The Dow Jones consensus is 84,000 jobs, compared with 162,000 in August. The 2-year yield stood at 4.791%, while the 3-month Treasury bill yield was 4.094%. Municipal bonds yielding more than 7% drew attention, and the iShares 0-5 Year High Yield Corporate Bond ETF was yielding 7.18%. France's 10-year note was paying 4.93%, while credit default swaps (contracts tracking bond default risk) on its five-year bond rose 52 basis points, the biggest increase since 2017, Reuters reported. West Texas Intermediate crude traded near $93 a barrel after The Wall Street Journal reported that the U.S. would send a third aircraft carrier to the Middle East. The Fidelity MSCI Energy Index ETF gained about 2%. Among equities, Revolution Medicines, Okta and CrowdStrike were highlighted as strong 2026 calls, while Jim Cramer argued that McDonald's could offer a buying opportunity after falling 32% from its March high. Tesla's third-quarter production and delivery figures could arrive Friday, and a New Mexico jury could issue a decision involving Meta and a potential $200 billion penalty.