Finance

Treasury yields trended higher following a hotter-than-anticipated reading from July's personal consumption expenditures price index. The elevated inflation metrics have prompted market participants to increase their bets on a potential Federal Reserve interest rate hike later this year. The resulting hawkish sentiment pushed the U.S. dollar to an eight-day high while injecting fresh uncertainty into the broader macroeconomic outlook.

Global energy markets saw crude oil prices slide for consecutive sessions amid reports of constructive diplomatic negotiations involving Iran and Oman. The talks have raised optimistic expectations for the reopening of key commercial shipping lanes in the crucial Strait of Hormuz, successfully mitigating regional supply risk premiums. Consequently, Brent crude fell toward $87 a barrel, extending a multi-day downward trajectory.

The premier digital currency encountered substantial selling pressure near the psychologically significant $80,000 mark after briefly breaching $81,000 earlier in the week. A wave of profit-taking limited further upside as traders paused to evaluate shifting central bank liquidity, including a recent U.S. Treasury decision to increase long-term debt buybacks. Despite the cooling momentum, the asset retains considerable double-digit percentage gains over the past week.