Finance

U.S. Treasury yields climbed to their highest marks since May, with the 10-year yield rising to 4.63% and the 30-year yield matching the pressure at 5.14%. The upward momentum follows a steep ascent in global crude oil prices, which have approached $92 a barrel due to ongoing military actions in the U.S.-Iran conflict. These rising energy costs have forced bond traders to recalibrate their near-term inflation projections and Federal Reserve rate-hike expectations.

Digital assets experienced a widespread rally on Tuesday as Bitcoin climbed past the $66,000 threshold to touch its highest level since early June. The momentum was driven by reports that political progress has been made on an ethics provision clearing the path for the U.S. Clarity Act in the Senate. Crypto optimism was further bolstered by institutional developments, including consecutive weekly inflows into Bitcoin ETFs and the debut of the S&P Pantera Digital Asset Index.

Better-than-expected financial results from blue-chip corporations helped restore investor confidence regarding corporate profitability. Mainstay industrial and automotive giants 3M and General Motors reported quarterly figures that outpaced analyst consensus estimates. These positive indicators helped clear recent anxieties about the consumer environment as Wall Street moves into the busiest stretch of the tech earnings season.