In August, various markets experienced significant fluctuations driven by key events. Fitch Ratings downgraded the credit rating of U.S. debt (from AAA to AA+) during the month, coinciding with a notable increase in the yield on the 10-year U.S. Treasury Note, which reached 4.34 percent. This marked the highest yield since November 2007. As a result, the S&P 500 index declined 1.77 percent over the course of the month. Additionally, the price of a barrel of West Texas Intermediate (WTI) oil surged to its peak for the year, surpassing the $85 mark.

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