Finance

U.S. Treasury yields surged toward their highest levels in a year, with the 10-year yield reaching 4.62% following hot consumer and wholesale inflation data. This sustained selloff in bonds has led traders to price in a nearly 28% chance of a Federal Reserve rate hike by the end of 2026, marking a significant shift from previous expectations of policy easing.

First-quarter earnings reports have provided a critical buffer for the market, with S&P 500 companies tracking a year-over-year growth rate of approximately 28%. Tech giant Cisco led recent gains by topping estimates, while investors now await pivotal reports from Nvidia and Walmart to gauge the continued strength of AI demand and consumer spending.

Bitcoin remains in a phase of cautious consolidation near the $80,000 mark as rising bond yields and a strong U.S. dollar exert pressure on digital assets. Market analysts note that increasing institutional participation has permanently tethered major tokens to traditional financial markets, making their price action more susceptible to global macroeconomic shifts.