Finance

U.S. Treasury yields experienced a strong upward move, with the 10-year note touching its highest intraday level since early 2025. Bond prices faced significant pressure as investors continued to digest Federal Reserve Chairman Kevin Warsh's recent Jackson Hole remarks alongside rising energy costs, prompting markets to reprice a higher probability of a September interest rate hike.

Global crude oil prices advanced sharply to close back above the $90 per barrel threshold following the breakdown of ceasefire discussions and direct military engagements in the Middle East. The disruption has amplified fears of extended security blockades across the crucial Strait of Hormuz waterway, adding to broader macroeconomic inflation concerns.

Digital assets experienced mild-to-moderate selling pressure as Bitcoin stalled near the $78,500 mark after losing its short-lived momentum above $81,000. Higher interest rate expectations generated by hawkish central bank guidance, cooling spot ETF demand, and rising exchange reserves have created headwinds for major cryptocurrencies.