Finance

Even though bond yields eased slightly, the 10-year Treasury yield continued to linger near multi-year highs. Robust underlying economic metrics and hawkish expectations for monetary policy have led market participants to price in a substantial likelihood of another Federal Reserve interest rate increase.

Shares of Microsoft jumped 4% after the technology company rolled out an array of upgraded AI capabilities for its Copilot assistant, including agentic tools and code generation. The performance underscored ongoing market reliance on high-margin artificial intelligence applications, offsetting broader anxieties regarding massive corporate capital expenditures in data infrastructure.

Cryptocurrencies defied historically weak seasonal trends as Bitcoin posted positive performance for the month, maintaining a higher trading foothold even as the high-profile CLARITY Act stalled in the U.S. Senate. Although the collapse of the market-structure legislation triggered a flurry of regulatory actions, institutional product interest and technical support continue to support digital asset valuations.