Finance

A widespread selloff in the bond market has driven yields notably higher following the central bank's recent policy tightening. The yield on the 10-year Treasury note closed at 4.995% after touching 5% earlier in the week, while the policy-sensitive 2-year yield climbed to 4.741%, marking its highest settlement since July 2024.

Global energy markets continue to trade at elevated levels, with Brent crude and WTI futures navigating the $100 to $103 per barrel threshold. Persistent geopolitical stress, combined with the recent disruption of a critical pipeline network, has restricted international shipments and fueled ongoing stagflation concerns.

The broader cryptocurrency market experienced a sharp leg up, carrying Bitcoin over the $81,000 mark as short sellers were forced to liquidate their positions. Digital asset investors appeared to look past the legislative failure of the CLARITY Act in the U.S. Senate, shifting their focus toward regulatory alternatives and general relief over stabilizing macroeconomic metrics.