A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets.

Serbian President Aleksandar Vucic announced on Saturday that Azerbaijan had ceased delivering natural gas to Serbia. He noted that the country could no longer depend on the 60 million cubic feet of gas it previously received daily.

Serbia's gas supply from Azerbaijan was cut off on Saturday, as confirmed by Serbian President Aleksandar Vučić. He noted that the country has lost access to the 1.7 million cubic meters of resources it previously received daily.