Finance

U.S. Treasury yields were largely unchanged as bond markets paused before the release of upcoming consumer inflation data. The benchmark 10-year yield held near 4.54% while the 30-year bond yield edged slightly higher to 5.02%, reflecting ongoing investor sensitivity to long-term geopolitical risks and interest rate expectations.

The U.S. trade deficit contracted in April to $55.9 billion as exports of oil and petroleum products surged. This growth in energy exports was bolstered by the closure of the Strait of Hormuz due to the war with Iran, which drove increased global demand for American energy supplies and offset rising imports of data center electronics.

Digital assets failed to join the recovery seen in traditional technology shares, with Bitcoin and Ethereum trading flat or slightly lower over the last 24 hours. Market sentiment remains in a state of extreme fear as demand for major tokens has dropped to multi-year lows, causing participants to rotate funds into dollar-pegged stablecoins like Tether.