Finance

Long-dated U.S. government debt yields continued their upward trajectory, with the 30-year Treasury bond hitting a fresh 19-year peak. Fading expectations for a diplomatic resolution to the U.S.-Iran conflict have stoked fears of structural stagflation. Market strategists note that these elevated yields are altering standard equity valuation models and shifting defensive investor interest toward fixed income.

International and domestic crude benchmarks advanced further following the expiration of a 60-day U.S.-Iran memorandum of understanding without a formal agreement. Prices for Brent crude remained steady around the $91 per barrel mark as trade routes through the Strait of Hormuz face ongoing security frictions. The sustained appreciation of energy prices continues to create structural hurdles for downstream retail and transport networks.

The cryptocurrency market presented a mixed but generally range-bound performance, with Bitcoin successfully consolidating slightly north of the $64,000 threshold. Digital assets showed stronger structural resilience when contrasted against the broader equity drawdowns. However, lingering macro uncertainties and stalled legislation on capital hill keep trading volumes largely subdued, capping immediate upside targets.