Finance

Long-term U.S. government bond yields remained elevated, with the 10-year Treasury yield hovering near 4.73% and the 30-year yield exceeding 5.27%. Investors shrugged off Treasury Secretary Scott Bessent's announcement to double long-end bond buyback operations to over $4 billion, focusing instead on persistent fiscal deficit concerns and impending Federal Reserve policy cues.

The cryptocurrency market experienced a major surge, with Bitcoin rallying over 20% on the week to trade near the $77,000 threshold. The rapid ascent triggered a massive short squeeze that forced the liquidation of several billion dollars in bearish positions, while legal momentum for the Digital Asset Market Clarity Act further buoyed investor sentiment.

Global energy benchmarks continued to climb, with Brent crude futures advancing to roughly $94 per barrel following a multi-day winning streak. Prices reacted strongly to heightened Middle East tensions and a breakdown in localized maritime agreements, alongside aggressive economic rhetoric from Washington targeting Tehran.