Finance

Benchmark 10-year Treasury yields eased to approximately 4.41% as investors reacted to potential de-escalation in Middle East regional conflicts. Despite this intraday decline, yields remain elevated near multi-year highs as markets anticipate upcoming inflation data that could influence the Federal Reserve's interest rate trajectory.

WTI crude oil prices dropped toward $70 per barrel, marking their lowest levels since the onset of the U.S.-Iran conflict as tankers began resuming movement through the Strait of Hormuz. This retreat in energy costs has significantly eased immediate inflation fears, though it simultaneously weighed on the performance of major energy sector equities.

The cryptocurrency market experienced a notable downturn, with Bitcoin breaching the critical $60,000 support level amid concerns regarding major institutional holders and shifting retail interest. Analysts noted that a strengthening U.S. dollar and the prospect of higher interest rates are currently creating significant headwinds for risk-heavy digital assets.