Finance

U.S. government bond yields pulled back sharply after tracking at multi-decade highs earlier in the week. The benchmark 10-year Treasury yield slid down to 5.21% while the 30-year yield dropped to 5.57%. This retreat in fixed-income yields provided a welcome cushion for interest-rate-sensitive assets, fueling a broader market rebound.

Crude oil futures experienced a notable daily decline, falling by nearly 4% to hit a four-week low near $89 a barrel. The sell-off intensified amid reports that European nations are considering a strategic oil reserve release to help cool high energy costs. This decline offered relief to global equity markets despite ongoing geopolitical stalemates in the Middle East.

Digital assets showed renewed strength as Bitcoin surged past the $86,000 mark and Ethereum opened up over the $2,700 threshold. The gains come despite a broader year-to-date cyclical downturn for cryptocurrencies driven by reduced ETF liquidity and macroeconomic pressures. Stronger institutional accumulation continues to provide a price floor for major tokens.