The baht opened at 33.56 per USD, up from 33.60 the previous close, with a 24-hour expected range of 33.40-33.70. Driver: US 30-year Treasury yields hit 5.62%, the highest since June 2002, and markets are pricing a likely Fed hike (70.3% for October, 94.9% for December). Oil fell 3.48% to $89.38/barrel amid Middle East supply worries. For a Thai SME: the baht is in a narrow band for now, so keep existing FX quotes and hedges as planned; watch the US PCE inflation data and jobs report due this week and early October, since they can move the rate. Foreign investors sold net THB 7.7bn of Thai stocks and THB 3.1bn of Thai bonds the previous day.