Finance

Bond yields continued their upward trajectory, applying constant pressure on broader financial equity markets. The yield on the 10-year Treasury note hovered near the 5% threshold after previously exceeding it for the first time since 2023, while the policy-sensitive 2-year Treasury yield surged to 4.741%, marking its highest close in more than two years.

Global energy markets faced high volatility, with crude prices shifting dramatically over the week due to geopolitical tensions and technical responses. Brent crude briefly fell below $102 a barrel on Friday before rebounding to settle around $103, as ongoing restoration work on a critical Saudi Arabian pipeline helped alleviate some of the market's worst supply and inflation concerns.

Precious metals gathered positive momentum at the end of the week, with spot gold rising 0.3% to trade in the $4,350 range after briefly breaking above $4,400 earlier in the day. The modest gains put bullion on track for its first weekly advance in a month, buoyed by stabilizing energy costs and a temporary relief in long-term consumer inflation projections.