Finance

U.S. Treasury yields showed mixed movement on Monday as investors digested a recent jobs report that came in weaker than anticipated. While the 30-year yield edged higher to 4.993%, the 10-year yield held relatively steady near 4.48%. Market participants are now closely monitoring the upcoming release of Federal Reserve meeting minutes to gauge the likelihood of potential rate hikes later this year.

Crude oil benchmarks Brent and West Texas Intermediate experienced downward pressure as OPEC+ nations signaled plans to increase output starting in August. This decision, combined with a gradual reopening of the Strait of Hormuz, has eased concerns over global supply despite ongoing regional tensions. Analysts suggest that reduced demand from major consumers like China is further contributing to the current bearish sentiment in energy markets.

Bitcoin and Ethereum prices remained in a period of fragile stabilization on Monday, trading near $62,000 and $1,750 respectively. Although weak U.S. employment figures initially provided a boost by lowering the probability of near-term rate hikes, the market struggled to maintain its upward momentum. Investors are currently characterized by 'extreme fear' as they wait for more definitive volume to confirm a breakout from recent trading ranges.