Finance

Bond yields across the curve remained elevated, with the 10-year Treasury yield continuously testing the key 5% threshold due to lingering inflation risks and hefty sovereign debt issuance. Concurrently, shorter-term borrowing costs felt the pressure of monetary tightening, pushing the 2-year Treasury yield up to 4.741%, its highest closing point since July 2024.

Digital assets are undergoing a phase of capital consolidation, with Bitcoin trading near the $78,000 threshold and Ethereum hovering around $2,500. The broader cryptocurrency market capitalization remains steady between $2.6 trillion and $2.7 trillion, though regulatory uncertainty from the failure of the Clarity Act in the Senate and expectations of additional interest rate hikes continue to pose significant headwinds.

Energy markets saw heavy trading activity as West Texas Intermediate crude futures hovered around $102 per barrel amid persistent geopolitical tensions in the Middle East. Although crude prices eased slightly toward the end of the week, the sustained elevated cost of energy continues to stoke Wall Street anxieties regarding entrenched inflationary pressures.