Finance

Government bond yields maintained their highest positions in over a decade despite active stabilization efforts from Treasury Secretary Scott Bessent. The U.S. Treasury recently announced a substantial expansion of its long-term debt repurchase program in an attempt to curb rising borrowing costs and manage market volatility. Analysts note that persistent concerns regarding significant budget deficits and the expanding national debt continue to weigh heavily on fixed-income markets.

Bitcoin climbed significantly over the week, crossing the $77,000 threshold and logging its strongest five-day performance in over two years. The digital asset benefited from enhanced market liquidity stemming from the Treasury's debt buybacks, alongside political momentum as President Trump urged legislative action on the stalled Clarity Act. This aggressive upward price action triggered massive short-position liquidations, resulting in a prominent short squeeze that lifted broader crypto exchange stocks.

Spot gold prices surged over 2% on Friday to finish at more than $4,620 per ounce, securing a third consecutive weekly gain. The precious metal was propelled by technical breakouts above its 200-day moving average, a weakening U.S. dollar, and safety-seeking behavior among investors. Macroeconomic anxieties intensified as the total U.S. national debt surpassed the $40 trillion threshold for the first time, amplifying fears over currency debasement.