Finance

Long-term U.S. Treasury yields stabilized but remained near record levels, with the 30-year bond trading around 5.27% and the 10-year note near 4.73%. Recent attempts by the Treasury Department to cool the selloff by expanding long-term bond buybacks only provided brief relief before persistent inflation and government debt concerns pushed borrowing costs back up.

Cryptocurrencies spearheaded the morning's financial rally, with Bitcoin closing in on the $80,000 mark after posting a weekly gain of over 20%. The surge in digital assets injected strong momentum into crypto-adjacent equities, lifting shares of major digital exchanges like Coinbase and Robinhood.

Precious metals experienced a solid upward trend, with gold futures climbing nearly 2% toward a three-month high of roughly $4,650 an ounce. Returning concerns over mounting global debt and a corresponding decline in the U.S. dollar have renewed investor appetite for tangible safe-haven assets.