Finance

The 10-year U.S. Treasury yield experienced sharp volatility, briefly scaling multi-decade highs near 5.34% before settling back to around 5.24%. These elevated borrowing costs continue to exert underlying pressure on the broader financial landscape by clouding the outlook for corporate credit and spending.

Global oil benchmarks continued their upward trajectory, with Brent crude hitting $102.31 per barrel and WTI tracking over $92 per barrel. Persistent geopolitical friction involving the United States and Iran has exacerbated market concerns regarding fuel supplies and stubborn inflationary risks.

Spot gold fluctuated around $4,180 per ounce, positioning the precious metal for its second consecutive weekly drop. Stronger performance by the U.S. dollar and restrictive monetary policy expectations have heightened the opportunity cost of holding non-yielding bullion, overshadowing its typical safe-haven appeal.