Finance

Yields on the 10-year U.S. Treasury note fell to approximately 4.44%, their lowest levels in over two weeks. This decline was driven by reports of a tentative 60-day ceasefire extension and potential negotiations between the U.S. and Iran, which helped mitigate investor fears regarding energy-driven inflation and the need for prolonged restrictive monetary policy.

Brent crude futures declined roughly 1.7% to settle near $92 per barrel, contributing to its most substantial monthly drop since March 2020. Market optimism regarding the potential reopening of the Strait of Hormuz and a possible U.S.-Iran peace deal has significantly reduced the conflict premium that previously held prices above $100 per barrel.

Bitcoin and Ethereum opened lower recently but showed signs of stabilizing near $73,300 and $2,000, respectively, as risk appetite began to return. Analysts suggest that any concrete progress toward resolving Middle Eastern tensions could further compel institutional investors back into digital assets, with some forecasts targeting $85,000 for Bitcoin by the end of the month.