Finance

The bond market faced significant volatility as the benchmark 10-year Treasury yield surged to a peak of 5.365% and the 30-year bond yield reached 5.732%, marking their highest levels in over 24 years. Yields eased slightly later in the day following a robust auction of $39 billion in 10-year notes that attracted strong buyer demand.

Oil prices marched upward as ongoing threats to Middle Eastern shipping and energy infrastructure unnerved energy traders. Brent crude futures settled near $101 per barrel following fresh vessel and territory attacks by Yemen-based Houthi rebels, offsetting signs of improving physical oil supplies.

The total cryptocurrency market capitalization shed roughly 3% to fall to $2.85 trillion, wiping out approximately $88 billion in collective valuation. Bitcoin dipped from intraday highs near $85,700 toward the $83,300 range as investors pulled back from risk-sensitive assets amid broader macroeconomic tightening.