Finance

U.S. government bond yields moved lower following the weak employment data, providing relief to broader financial markets. The 10-year Treasury yield retreated to around 5.21% after recently testing multi-decade peaks near 24-year highs. Investors have recalibrated their fixed-income expectations, concluding that the slowing labor market leaves less room for the central bank to maintain a hawkish policy stance.

Precious metals experienced a sharp decline, with spot gold dropping to a seven-week low around $4,136 per ounce. Despite the softer employment report, elevated crude oil prices and prior hawkish commentary from central bank officials continue to stoke broader inflation concerns. The persistent strength of the U.S. dollar and the high opportunity cost of holding non-yielding assets have heavily weighed on the metal over the past month.

Digital assets remain constrained within a lower trading range during a broader cyclical downturn often described as a crypto winter. Market activity is being influenced by newly proposed SEC custody rules alongside macroeconomic uncertainties surrounding upcoming midterm elections. Bitcoin continues to experience lower liquidity and muted institutional conviction compared to its peaks from last year.