Finance

U.S. government bond yields dropped following the cool employment data, reflecting a shift in interest rate expectations for the upcoming September meeting. The benchmark 10-year Treasury yield fell to 4.64%, while the policy-sensitive two-year yield dipped to 4.20%. Investors interpret the easing yields as a reprieve from high corporate borrowing costs, though some warn of slowing economic growth potential.

The cryptocurrency landscape is undergoing a significant contraction reminiscent of the dot-com era, with over 100 projects shutting down or filing for bankruptcy so far this year. Market capital is becoming increasingly selective, leaving platforms without clear product-market fit struggling to survive. Meanwhile, blue-chip assets like Bitcoin have shown muted volatility, maintaining a steady trading range between $64,100 and $64,400.

Brent crude futures edged up 1.3% to settle at $83.55 a barrel as energy markets track diplomatic progress between the U.S., Iran, and Oman. Investors remain focused on potential agreements to secure the Strait of Hormuz following recent geopolitical disruptions that pushed crude prices higher. A successful resolution is anticipated to cool energy costs and mitigate lingering inflationary pressures.