Finance

A broad bond market sell-off pushed long-term yields higher following the central bank's monetary tightening decision. The yield on the benchmark 10-year U.S. Treasury note breached the 5% threshold, reaching heights not seen since the global financial crisis.

Crude oil futures dipped below their strongest levels since May despite ongoing supply disruptions along Saudi Arabia's East-West pipeline. The market experienced downward pressure due to a surprise increase in weekly U.S. commercial crude inventories, though both Brent and WTI benchmarks remained stubbornly above $100 per barrel.

Spot gold prices edged higher to trade above $4,300 per troy ounce as investors balanced inflationary risks against a firmer U.S. dollar. The commodity attracted safe-haven demand stemming from escalating geopolitical frictions in the Middle East, even as climbing bond yields limited broader gains.