Finance

The U.S. Treasury Department announced plans to double its long-term bond repurchases to at least $4 billion per operation in an effort to contain escalating borrowing costs. Although the news initially provided brief relief, market participants quickly shrugged off the intervention, pushing the 30-year Treasury yield up to 5.276% and the 10-year yield to 4.737%. Concerns over massive ongoing fiscal deficits and persistent inflation continue to weigh heavily on the fixed-income market.

Bitcoin climbed roughly 6% on Friday to finish near $77,000, capping off a substantial weekly gain of approximately 20% to 22%, its best performance in over two years. The digital asset's momentum was fueled by injected market liquidity from Treasury buybacks and optimism surrounding the potential passage of the Digital Asset Market Clarity Act in mid-September. The sharp upward movement triggered widespread short liquidations and boosted crypto-related equities like Coinbase and Robinhood.

Global oil prices continued their upward trajectory, with Brent crude settling above $94 a barrel to secure a sixth straight day of gains. Energy markets were roiled by escalating conflicts in the Middle East, highlighted by Iran's seizure of a UAE-linked tanker in the Strait of Hormuz and a shift to an offensive military posture. President Trump's subsequent calls for unprecedented economic warfare against Iran have further heightened expectations of prolonged supply constraints.