Finance

Government bond yields pressed near their highest levels in over a decade late in the week, driven by building fiscal pressures and climbing oil prices. Investors continued to push short-dated and long-term notes higher despite attempts by Treasury Secretary Scott Bessent to anchor borrowing costs through expanded debt buyback programs.

Bitcoin climbed significantly over the week to approach $77,000, registering its strongest seven-day performance since 2024. The sudden rally triggered massive short liquidations across digital asset exchanges and propelled crypto-linked stocks, supported by enhanced liquidity from Treasury debt buybacks and political pressure to advance supportive legislation.

Spot gold extended its gains to track toward a third consecutive weekly increase, capitalizing on a weakened U.S. dollar and intensifying worries over domestic fiscal stability. The precious metal found safe-haven support following reports that the national debt scaled a historic high of $40 trillion, raising long-term currency concerns.