Finance

A robust May employment report, which saw nonfarm payrolls increase by 172,000—nearly double the expected growth—has shifted market expectations toward a more restrictive monetary policy. Traders are now pricing in a higher probability of a 25-basis-point interest rate hike before the end of 2026 as the labor market remains resilient despite elevated borrowing costs.

The yield on the 10-year U.S. Treasury note is hovering around 4.53% as investors evaluate persistent inflationary pressures and the potential for the Federal Reserve to maintain high interest rates. While yields retreated slightly from session highs, they remain near one-year peaks as the bond market reacts to strong economic data and geopolitical risks in the Middle East.

Bitcoin and Ethereum are showing signs of recovery after a volatile weekend where Bitcoin dropped below the $60,000 mark for the first time since 2024. The rebound sees Bitcoin trading back above $63,000 as some investors buy the dip, despite broader market outflows toward artificial intelligence sectors and concerns over rising energy costs.