Finance

Treasury Secretary Scott Bessent announced that the government would double its long-term bond buybacks to over $4 billion per operation in an effort to inject market liquidity. However, long-term borrowing costs remained near decade highs as 10-year yields held above 4.7% and 30-year yields hovered near 5.27%, reflecting persistent concerns regarding federal deficit spending.

Bitcoin climbed roughly 6% to surpass $77,000, capping off its most successful trading week since 2024 with a multi-day rally. The digital asset sector was broadly lifted by expanded Treasury market operations and recent comments from President Donald Trump urging the Senate to pass the crypto-friendly Clarity Act.

Brent crude futures gained 0.7% to approach $94.40 a barrel, marking a sixth consecutive day of increases fueled by escalating Middle East hostilities. Tensions flared after Iran seized a commercial tanker in the Strait of Hormuz and shifted to an offensive military stance, prompting the U.S. administration to threaten unprecedented economic warfare.