Finance

U.S. government bond yields experienced notable upward pressure, with the policy-sensitive 2-year Treasury yield hovering well above the Federal Reserve's current target limits. Meanwhile, the benchmark 10-year Treasury note yield briefly crossed the 5.04% threshold, marking its highest point in nearly two decades. This dramatic surge underscores widespread expectations that central bankers will lean toward tighter monetary conditions.

Digital assets experienced sharp declines, with Bitcoin sliding toward the $75,000 level and liquidating short-term support floors. The selloff was primarily triggered by the U.S. Senate's failure to advance the CLARITY Act, a pivotal bill designed to establish a comprehensive regulatory framework for cryptocurrencies. The structural legislative setback, combined with an impending interest rate decision, amplified risk aversion across the sector.

Energy prices fell on Wednesday, with Brent crude dipping below $108 a barrel and West Texas Intermediate dropping down near $104 per barrel. This minor pullback followed an unexpected expansion in U.S. crude inventories, which helped ease immediate supply constraints. However, global markets remain highly volatile as geopolitical tensions and recent infrastructure disruptions in the Middle East continue to provide an underlying floor for prices.