US Energy Department offers up to 40M barrels of oil from strategic reserve

• —Bids are due October 6, with deliveries scheduled for November and December
• —The 40-million-barrel ceiling is this round's offer within the 172-million-barrel program
• —July PCE inflation was 3.7% year over year, core 3.3%, Fed rate at 3.75%-4%
• —The 10-year Treasury yield stands at 5.26%, with BTC trading near $83,000