Finance

The 10-year Treasury yield reached its highest point since January 2025, climbing past 4.7%, while the 30-year bond yield expanded to 5.25%. Bond yields moved upward after the Federal Reserve opted to hold interest rates steady, accompanied by revelations that three central bank officials had voted to implement a rate hike.

Global energy benchmarks posted notable gains, with West Texas Intermediate pushing past $84 per barrel and Brent crude climbing to $90 per barrel. The upward trajectory follows logistical bottlenecks and disruptions for commercial shipping passing through the Strait of Hormuz due to heightened military tensions between the U.S. and Iran.

Digital assets decoupled from broader financial markets to close the month on a weaker note, with Bitcoin sliding below the $63,000 threshold and Ethereum falling under $1,900. Crypto sentiment was negatively impacted by a combination of macroeconomic concerns, persistent geopolitical anxieties, and a loss of momentum surrounding the progress of the Senate's CLARITY Act.