Finance

U.S. Treasury yields experienced notable volatility and curve flattening following the Federal Reserve's recent interest rate hike. Short-term yields firmed up as markets price in high odds for additional monetary tightening later this year. This narrowing spread between short- and long-term rates has jarred the financial sector by squeezing bank profit margins.

Brent crude futures settled down around 1.1% to close at $99.25 per barrel, dropping below the psychological triple-digit threshold. The decline follows signals of easing tension surrounding the war between the U.S. and Iran, combined with news that Saudi Arabia may soon test and restart a key bypass pipeline. Market participants are closely watching the United Nations General Assembly for further diplomatic progress.

The global cryptocurrency market cap crossed the $3 trillion milestone as Bitcoin neared the $87,000 threshold. The digital asset rally was accelerated by heavy short liquidations, totaling hundreds of millions of dollars in a 24-hour period, alongside nearly $1 billion in spot ETF inflows. Major altcoins like Ethereum, Solana, and Dogecoin also recorded multi-month highs during the broad surge.