Finance

U.S. sovereign bonds experienced significant selling pressure, driving yields across the curve to heights not seen in nearly two decades. Investors are increasingly adjusting their expectations toward additional interest rate hikes by the Federal Reserve, bolstered by robust economic indicators and elevated consumer sentiment metrics.

Brent crude climbed back toward $106.50 a barrel following Tehran's firm stance on keeping the critical Strait of Hormuz closed. The ongoing conflict has continuously disrupted energy supply lines, with each major diplomatic roadblock transferring upward momentum back into global fuel costs.

The tech-dominated Nasdaq 100 index managed a sequence of fresh record highs, fueled largely by aggressive retail and institutional capital allocation into artificial intelligence firms. However, market strategists note that the index's upward trajectory is heavily reliant on a minimal cluster of dominant technology stocks rather than broad-based industry growth.