Finance

The 30-year Treasury bond yield surged to 5.127% on Friday, marking its highest closing level since July 2007. This rise in borrowing costs was fueled by persistent fiscal concerns and market expectations that the Federal Reserve may maintain a restrictive monetary policy to combat sticky energy-driven inflation.

WTI crude oil prices stabilized above $100 per barrel as the closure of the Strait of Hormuz continues to disrupt global energy supplies. While diplomatic discussions between the U.S. and China occurred, the lack of a concrete resolution to the regional conflict has left markets bracing for a structural supply shock that could last through 2026.

Precious metals and cryptocurrencies struggled as a strengthening U.S. dollar and high real interest rates increased the opportunity cost of holding non-yielding assets. Gold fell to its lowest level in six weeks, while Bitcoin hovered just below the $80,000 threshold as institutional ETF demand clashed with broader macroeconomic headwinds.