Finance

The 30-year Treasury yield surged to 5.127%, its highest level since 2007, while the 10-year note hit a fresh one-year high of 4.6%. These spikes reflect market expectations that the Federal Reserve will maintain restrictive interest rates longer than previously anticipated, with some traders even pricing in potential rate hikes by the end of 2026.

In the cryptocurrency market, Bitcoin has shown strength by holding steady around the $80,000 mark even as traditional equities faced selling pressure. Although prices dipped slightly from recent highs of $82,000, the digital asset continues to attract interest as a potential hedge against geopolitical instability in the Middle East.

Oil prices remain elevated with Brent crude trading near $108 per barrel due to ongoing conflict in the Middle East and the closure of the Strait of Hormuz. Despite these global supply disruptions, U.S. crude production has reached near-record levels of 13.7 million barrels per day, driven by significant efficiency gains in shale operations.