Finance

Bond yields continued their upward trajectory as investors adjusted to a more aggressive macroeconomic landscape. The 10-year Treasury yield hovered closely to the 5% threshold, significantly weighing down equity market momentum. Concurrently, the policy-sensitive 2-year Treasury yield advanced to 4.741%, marking its highest closing level since July 2024.

Digital assets staged a strong recovery despite a tighter monetary environment and the legislative failure of the highly anticipated CLARITY Act in the U.S. Senate. Bitcoin broke back above the $80,000 mark as short sellers were forced to liquidate positions, boosting confidence across the broader sector. The resilience prompted a major surge in crypto-exposed equities, exemplified by Coinbase gaining more than 10% in late-week trading.

Spot gold climbed to a one-week high above $4,350 per ounce, netting its first weekly advance in four weeks as inflationary anxieties moderated. The commodity shift coincided with a decline in global crude benchmarks, driven by the rehabilitation of alternative energy supply routes in the Middle East. Despite a daily drop of about 1%, Brent crude remained elevated above $103 per barrel, while West Texas Intermediate settled near $100 per barrel.