Finance

A higher-than-expected May jobs report, showing 172,000 new nonfarm payrolls, has led investors to price in a more than 50% probability of a rate hike by year-end. Consequently, 10-year Treasury yields have climbed toward 4.5%, signaling a departure from earlier hopes for imminent interest rate cuts in 2026.

Direct missile exchanges between Israel and Iran drove Brent crude oil above $94 per barrel, reflecting fears of supply disruptions despite diplomatic efforts to preserve a ceasefire. While prices moderated slightly after Iran announced an end to its immediate strikes, the ongoing closure of the Strait of Hormuz remains a critical concern for global energy markets.

Bitcoin and Ethereum saw signs of recovery on Monday, with Bitcoin trading near $63,000 after briefly dipping below the $60,000 threshold for the first time since 2024. The sector faced pressure from rising Treasury yields and persistent outflows from spot ETFs, although speculative interest shifted toward low-cap altcoins during the session.