Finance

Pressure remains elevated in the government debt market as the 10-year U.S. Treasury yield hovers near its highest point in over a year at approximately 4.71%. Recent announcements by Treasury Secretary Scott Bessent to double longer-term bond buybacks provided only temporary relief to the fixed-income sector, leaving market participants worried about persistent inflation and expanding federal deficits.

An escalating trade dispute between the United States and Canada has introduced fresh macroeconomic anxieties after bilateral talks collapsed and Canadian officials threatened retaliatory levies on steel and agriculture. Simultaneously, the threat of new U.S. economic sanctions against Iran continues to inject volatility into global supply chains, keeping energy prices and regional dynamics unstable.

Bitcoin held onto its multi-year record weekly gains by trading firmly above the $77,000 threshold, while major alternative tokens like XRP consolidated after sharp upward movements. The digital asset rally has been heavily underpinned by expanding liquidity from Treasury buybacks, a White House meeting endorsing the industry, and constructive regulatory policy proposals in Washington.