Finance

The yield on the 10-year U.S. Treasury note rose toward 4.54% as investors awaited the May Consumer Price Index (CPI) report. Stronger-than-expected labor data and rising energy prices have fueled expectations that the Federal Reserve may implement at least one interest rate hike before the end of 2026 to combat persistent inflation.

Investors are shifting their focus to major corporate reports, with Oracle and Adobe expected to provide key insights into enterprise AI demand and cloud spending. Additionally, results from consumer-facing companies like Chewy and Casey’s are being monitored for trends in retail profitability and active customer engagement.

Digital assets are experiencing a period of heavy selling pressure, with Bitcoin recently testing the $60,000 psychological level after record weekly outflows. Despite the price volatility, the sector is seeing a rapid expansion in the tokenization of real-world assets like public equities and money market funds, indicating a move toward institutional diversification.