URA is trading at $40.73, down 3.00%, as inflation concerns drive Treasury yields higher. - Stronger September business activity and oil above $100 heightened inflation concerns, lifting the 10-year Treasury yield to roughly 5.14%, its highest since 2007, and increasing expectations for prolonged restrictive Federal Reserve policy. - No fresh uranium-specific catalyst was identified, and uranium pricing was essentially stable. - Profit-taking and risk reduction may be amplifying the decline amid a broader equity selloff.