United States Daily Briefing

GitLab founder and CEO Sytse Sijbrandij filed four Form 4s on September 29, disclosing sales totaling $88.2M across 1.84M shares of GTLB — the largest single-exec exit in the 72-hour insider window. GitLab's stock has more than doubled YTD, which likely explains the timing, but that volume of insider exit from the chief executive is a yellow flag for anyone holding the position. Watch for Q3 guidance commentary in the coming earnings cycle.

Smart ring maker Oura Inc shelved its planned US listing, saying market 'uncertainty' made the environment unworkable — despite, per the company, 'strong demand.' CNBC reported the delay extends an accelerating wave of Q3 IPO postponements, underscoring how rising Treasury yields are repricing the risk-free hurdle for growth-premium valuations. If the 30-year Treasury holds above 5.6% (it hit a 24-year high on Tuesday), the IPO window may stay narrow into Q4.

The USD strengthened for a second consecutive day to a two-month high against a basket of currencies as long-duration Treasury yields extended their rise. Gurufocus noted the 30-year Treasury hit its highest level since 2002 at 5.61%, a dynamic that creates direct headwinds for equity multiples, particularly in rate-sensitive growth names. The move has knock-on effects for EM currencies and could trigger capital repatriation from EM indices if it persists.