Finance

Government bond yields continued their upward trajectory, driven by persistent inflation anxieties and upcoming labor market disclosures. The 30-year Treasury bond yield climbed past 5.6% to levels unseen since June 2002, while the benchmark 10-year note topped 5.29%. The aggressive bond selloff abated slightly following remarks from New York Fed President John Williams suggesting the central bank might not rush further rate hikes.

Global energy pressures showed brief signs of relief as benchmark crude prices settled roughly 2.5% lower. Brent crude dropped to $102.59 a barrel, while West Texas Intermediate crude decreased to $89.38. The drop follows preliminary data indicating a rise in crude exports from major Middle Eastern suppliers like Saudi Arabia and the United Arab Emirates, which helped counter localized geopolitical friction.

The digital asset space demonstrated a quiet trading window with major tokens stabilizing after a recent pullback. Bitcoin hovered around the $83,000 mark after coming down from a prior high of over $87,000, while Ethereum held relatively steady near $2,680. Traders are currently eyeing key technical support zones ahead of highly anticipated macroeconomic data releases later in the week.