Finance

The yield on the benchmark 10-year U.S. Treasury note breached the 5.1% threshold, marking its highest point since 2007. Other maturities, including the 5-year and 30-year bonds, also spiked to levels unseen since before the 2008 global financial crisis as strong domestic business activity fueled expectations for an upcoming Federal Reserve interest rate hike.

Global energy benchmarks snapped a multi-day losing streak to surge higher following continuous geopolitical uncertainty involving the U.S. and Iran. International Brent crude jumped nearly 4% to close above $103 per barrel, while West Texas Intermediate climbed past $92, injecting renewed volatility into consumer energy expectations.

The premier digital currency maintained a strong position above the $81,000 mark, showing substantial gains over a multi-day stretch. Crypto markets have largely ignored macroeconomic headwinds and the collapse of a key legislative initiative, choosing instead to focus on favorable regulatory exemptions issued by the Securities and Exchange Commission.