Finance

The fixed-income market experienced intense volatility this week, with the 10-year Treasury yield briefly jumping near its highest mark since 2007 and the 30-year yield approaching heights not seen since 2004. Yields eased slightly late Friday, falling back to 5.15% for the 10-year note. The dramatic rise in borrowing costs continues to stoke fears of a prolonged high-rate economic environment.

Oil prices recorded a notable pullback on Friday, with international standard Brent crude slipping below the $98 per barrel mark and West Texas Intermediate dropping toward $92. The drop came amid market rumors pointing to potential progress on a phased agreement to secure traffic through the Strait of Hormuz. Despite the brief reprieve, energy costs remain highly elevated relative to early-year levels due to ongoing geopolitical conflicts.

Cryptocurrency markets demonstrated resilience as Bitcoin held steady above the $84,000 threshold to wrap up the week with strong gains. The asset maintained its footing even after exchange platform Bitget confirmed a major $351.6 million security breach resulting from spoofed transfer data. Bullish momentum was further supported by institutional demand, with U.S. spot Bitcoin ETFs registering their seventh consecutive day of net inflows.