Finance

The 2-year Treasury yield surged to its highest level since early 2025 as the market adjusted to a more hawkish stance under Federal Reserve Chair Kevin Warsh. Investors are increasingly pricing in potential rate hikes later this year, driven by persistent inflation and resilient employment data.

Crude oil prices fluctuated around $74 per barrel as markets reacted to a new U.S. license allowing Iran to sell oil on international markets in dollars. While initial peace talks in Switzerland have been described as rocky, the potential for normalized shipping through the Strait of Hormuz is exerting downward pressure on energy futures.

Digital assets followed the broader retreat from risk, with Bitcoin falling toward the $63,000 mark in tandem with the selloff in semiconductor and high-growth technology stocks. Market analysts noted that Bitcoin has entered a rare 'fire-sale' valuation zone on long-term charts, reflecting heightened pessimism across the sector.