Finance

The 10-year Treasury yield climbed toward 5.3%, hovering near its highest points in roughly two decades. While soft employment metrics reduced expectations for a prompt interest rate hike by the Federal Reserve, the persistent rise in yields continues to exert pressure across financial markets.

Crude oil prices experienced downward pressure following international agreements to mitigate supply concerns. Europe's commitment to release roughly 100 million barrels of diesel alongside increasing Middle Eastern exports helped alleviate fears of energy price spikes.

Paramount Skydance finalized a massive $52 billion debt package to complete its acquisition of Warner Bros. Discovery, representing one of the largest corporate bond offerings of the year. The capital raise faced elevated interest expenses due to recent shifts in the macroeconomic lending landscape.