Finance

The yield on the 10-year Treasury note remained near its highest levels since 2007, hovering around 5.20% following recent strong economic indicators and shifting consumer sentiment. While yields gave up some sharp overnight gains to allow a stock rally, the elevated levels continue to stoke concern over rising borrowing costs and upcoming Federal Reserve rate decisions.

Bitcoin and Ethereum maintained robust weekly performance, pushing toward gains of nearly 10% despite experiencing a brief retreat from their mid-week highs. Digital asset markets remained highly focused on a massive quarterly options expiry concentrated around key support and resistance levels, even as broader altcoin momentum began showing early signs of moderation.

Prospects for comprehensive U.S. digital asset regulation grew increasingly bleak as the high-stakes Clarity Act encountered resistance in the Senate. The comprehensive market structure bill, which aimed to establish clear lines of oversight between federal regulators, is widely viewed by industry participants as unlikely to pass ahead of the upcoming midterm elections.