Finance

U.S. Treasury yields surged following the latest labor market data, with the 10-year note finishing the week at 4.55%. Long-term rates faced significant upward pressure, as the 30-year yield crossed the 5% threshold for the first time since May 2025, reflecting shifting market expectations toward a potential Fed rate hike later this year.

The Philadelphia Semiconductor Index plummeted over 10% this week as investors rotated out of high-growth technology names. Heavyweights like Nvidia and Broadcom led the decline, the latter pressured by a conservative outlook that raised questions about the sustainability of current AI-driven valuations.

Digital assets faced a major downturn, with Bitcoin falling below $60,000 and Ethereum dropping toward $1,500 by early June. The market saw roughly $1.8 billion in levered positions liquidated on June 4 alone, marking the largest such event of 2026 as investors fled to safer assets.