Finance

The bond market experienced a brief reprieve from an intense selloff, with the U.S. 10-year Treasury yield easing to finish near 5.18% after touching its highest levels since 2007. Despite the late-week stabilization, borrowing costs across the economy remain heavily elevated due to ongoing inflationary pressures from the Middle East conflict and resilient domestic economic indicators. Concurrently, the 30-year Treasury yield fluctuated near heights not witnessed since 2004.

Strong corporate performances helped insulate equity markets from broader macroeconomic and inflationary concerns. Akamai Technologies saw its stock price climb following the announcement of an $11.6 billion multi-year cloud partnership with AI developer Anthropic. Additionally, robust quarterly profit numbers from Costco Wholesale exceeded consensus expectations, reinforcing consumer sector resilience.

The cryptocurrency market witnessed aggressive upward momentum as Bitcoin surged to a notable milestone of $87,000. This sudden price spike triggered massive short-position liquidations, washing out an estimated $648 million in bearish bets and creating significant buy-side velocity. Traders are progressively rotating capital into select decentralized alternatives and presale ecosystems as confidence broadly returns to the digital asset sector.