Finance

A widespread bond selloff accelerated at the end of the week, pushing key interest rate benchmarks significantly higher. The 2-year Treasury yield climbed to 4.741%, marking its highest settlement level since July 2024. Simultaneously, the closely watched 10-year Treasury yield hovered just under the 5% threshold, establishing a strong headwind for corporate borrowing costs and broader equity valuations.

Digital assets demonstrated resilience as Bitcoin climbed back over the $80,000 threshold and Ethereum pushed past $2,500. The positive price movement materialized even after the long-awaited Clarity Act failed to garner enough votes to advance through the United States Senate. Investors apparently priced in both the legislative impasse and the Federal Reserve's recent monetary tightening, leading to a strong rebound across crypto-exposed equities.

December gold futures rebounded past the $4,400 per troy ounce mark, hitting a one-week high as immediate concerns over structural inflation began to cool. The upward movement was largely supported by a stabilizing energy sector, which saw Brent crude futures ease back down toward $98 a barrel. The retreat in oil prices followed promising updates regarding the imminent restoration of Saudi Arabia's critical East-West pipeline.