Finance

The yield on the 10-year U.S. Treasury note touched its highest intraday levels in over two decades, climbing toward 5.36%. Yields briefly moderated later in the session after a robust $39 billion auction of 10-year notes, but remained elevated enough to exert significant downside pressure on global risk assets.

International benchmark Brent crude oil rose above $101 per barrel, driven by renewed anxieties over global energy infrastructure. The price spikes followed persistent Houthi rebel strikes targeting oil facilities in Saudi Arabia, which offset a broader recovery in physical supplies and injected fresh energy-driven inflation fears back into the market.

The aggregate cryptocurrency market capitalization shed roughly 3%, dropping to $2.85 trillion as traders quickly trimmed exposure to digital assets. The sharp decline was heavily tied to tightening global financial conditions rather than native industry events, continuing to leave major tokens like Bitcoin and Ethereum considerably lower than their late 2025 historic peaks.