Finance

U.S. government bond yields experienced a sharp upward surge as the market reassessed macroeconomic risks. The yield on the benchmark 10-year Treasury note leaped past the 5.1% threshold, reaching heights not seen in nearly two decades. This movement came as fixed-income investors increasingly priced in the probability of another interest rate hike before the end of the year.

Crude oil futures turned positive and halted a multi-day slide, adding further downward pressure on equities. West Texas Intermediate futures stabilized around $93 per barrel, while international benchmarks hovered near key psychological levels. The price reversal follows ongoing geopolitical uncertainties and diplomatic rhetoric surrounding the Middle East.

Digital assets pulled back sharply as risk-off sentiment dominated global financial markets. Bitcoin fell over 2% to trade near the $84,000 mark, pulling back from its recent record-setting momentum. Ether followed a similar downward trajectory, declining more than 3% to settle around $2,660.