Finance

Longer-dated Treasury yields continued to move upward, with the 10-year note remaining near decade-high levels. Even as Treasury Secretary Scott Bessent outlined an increased focus on fiscal consolidation, the elevated borrowing costs applied downward pressure to broader tech and semiconductor stock valuations throughout the week.

Bitcoin climbed significantly to post its strongest weekly performance in over two years, finishing the week well above $77,000. The digital asset's strong trajectory was heavily supported by calls for crypto-friendly legislation in Congress and an influx of market liquidity linked to newly expanded Treasury debt buyback programs.

December futures for gold strengthened further as investors sought alternative safety buffers amid rising macro worries. The momentum follows reports that the U.S. national debt reached an all-time high of $40 trillion, raising long-term concerns over fiscal metrics and weighing on the value of the greenback.