Finance

Long-term Treasury yields stabilized near decade-highs after the U.S. Treasury Department announced a decision to double its long-end bond buybacks from $2 billion to $4 billion per operation. Treasury Secretary Scott Bessent introduced the expansion to cushion borrowing costs and shift market focus back to broader economic fundamentals. The 30-year Treasury yield ultimately settled near 5.27% while the 10-year yield held around 4.73%, reflecting a bond market that remains anxious over federal debt levels and interest rate uncertainty.

Cryptocurrencies staged an aggressive rally, pushing the price of Bitcoin up more than 20% on the week to hover near $78,000, while Ethereum cleared $2,300. The digital asset market was heavily buoyed by liquidity injected via the Treasury's expanded buyback program alongside explicit political momentum from President Trump, who actively pushed Congress to pass the crypto-friendly Digital Asset Market Clarity Act. The upward momentum sparked a major short squeeze and triggered substantial rallies for crypto-adjacent stocks like Coinbase and Robinhood.

Gold futures and spot prices rose roughly 2% to cross $4,600 per ounce, positioning the precious metal for its third consecutive weekly gain. The commodity's upward trajectory is being driven by a softening U.S. dollar and mounting sovereign fiscal anxieties after the national debt breached an all-time record of $40 trillion. Investors are increasingly utilizing gold and silver as essential hedges against currency debasement and long-term inflation threats.