Finance

The yield on the 10-year U.S. Treasury note remained elevated at approximately 4.58%, hovering near its highest level in months due to persistent inflation fears and geopolitical instability. Simultaneously, a 30-year bond auction was projected to reach its highest yield since at least 2006, reflecting the increased returns investors are demanding amid growing government debt supply.

Recent meeting minutes under Chair Kevin Warsh reveal a Federal Reserve increasingly concerned that inflation, exacerbated by the war with Iran, may require higher borrowing costs. While the central bank recently held the federal funds rate steady between 3.5% and 3.75%, nearly half of its officials anticipate at least one rate increase by the end of 2026.

Bitcoin prices struggled to maintain momentum on July 9, trading near $62,700 as geopolitical tensions in the Middle East weighed on risk assets. Analysts noted a significant on-chain warning sign, with apparent demand for Bitcoin remaining negative for over 200 consecutive days, suggesting that existing supply is entering the market faster than new capital can absorb it.