Finance

The 10-year U.S. Treasury yield settled around 5.17% to close out a highly turbulent week for fixed-income markets. Yields had previously skyrocketed to their highest levels since 2007, fueled by hawkish commentary from Federal Reserve officials and persistent worries over an overheating economy. The eventual stabilization of borrowing costs on Friday provided a much-needed tactical reprieve for equity valuations.

Global energy costs registered significant drops as Brent crude fell below $100 per barrel and West Texas Intermediate slid toward $92 a barrel. The downturn in energy markets was largely driven by emerging reports that Washington and Tehran are conducting negotiations to reopen the vital Strait of Hormuz shipping lane. This cooling of geopolitical risks significantly eased the immediate inflation anxieties troubling Wall Street.

The cryptocurrency market witnessed a sharp bullish turn as Bitcoin broke past $85,000 and surged toward the $87,000 mark. The rapid upward momentum was heavily accelerated by a massive short squeeze that effectively liquidated hundreds of millions of dollars in bearish positions. This rally occurred even as digital asset markets weighed recent macroeconomic policy shifts and digested the failure of the crypto-focused Clarity Act in the U.S. Senate.