Finance

U.S. Treasury yields remained at multi-month highs following a shift in the Federal Reserve's stance toward potential interest rate hikes later in 2026. This hawkish lean, spearheaded by New Chair Kevin Warsh, has pushed the two-year yield to its highest point since early 2025 and bolstered the U.S. dollar against global currencies.

Energy markets saw significant relief as diplomatic talks in Switzerland between the U.S. and Iran created a foundation for a final deal to end regional conflict. Crude oil prices fell toward $75 per barrel after Washington granted a 60-day license for Iran to sell oil, easing supply concerns and the potential for a renewed closure of the Strait of Hormuz.

The cryptocurrency market followed technology stocks lower today, with Bitcoin dropping to a two-week low near $62,000. Despite a slowdown in ETF outflows, the broader risk-off mood triggered by higher rate expectations has kept major tokens like Ether and Solana in negative territory.