Finance

The yield on the 10-year Treasury note climbed above 4.5% for the first time in a year as recent data showed inflation accelerating to 3.8% in April. Investors also pushed the 30-year bond yield past the 5% threshold, reflecting concerns that the ongoing conflict in Iran will keep energy costs elevated and prevent Federal Reserve rate cuts.

May 15 marks the official conclusion of Jerome Powell's term as Federal Reserve Chair, with Kevin Warsh confirmed as his successor. Markets are closely monitoring this transition for shifts in monetary strategy as some analysts project the Fed may pivot toward interest rate hikes rather than cuts later this year to combat rising price pressures.

Bitcoin recently surpassed the $80,000 mark as institutional demand through spot ETFs reached a new yearly peak with billions in monthly inflows. While the broader crypto market shows improved sentiment, investors remain focused on upcoming regulatory clarity acts and the impact of domestic liquidity shifts.