Finance

The yield on the 10-year Treasury note fell to 4.37% on June 26 as oil prices cooled and consumer inflation expectations for the coming year dipped slightly. Despite this retreat, yields remain elevated at the front end of the curve, reflecting market anticipation that interest rates under the newly appointed Fed Chair, Kevin Warsh, may stay higher for longer.

The cryptocurrency market remained under intense pressure as of June 28, with Bitcoin trading near the critical $60,000 support level following a week of heavy liquidation. General investor sentiment has shifted toward "Extreme Fear" as persistent capital outflows from spot ETFs and a broader rotation into the US dollar weigh on digital asset valuations.

The semi-annual Russell Reconstitution on June 26 drove historic trading volumes on the Nasdaq, with over 4.5 billion shares valued at more than $334 billion executed during the Closing Cross. This rebalancing event reflects a significant shift in market capitalization, highlighting the continued dominance of mega-cap companies which now account for a record portion of the index's total value.