Finance

Bond markets responded aggressively to the central bank's policy shift, driving government bond yields higher. The benchmark 10-year Treasury yield settled above 5.0%, marking its highest level since July 2007, while the 30-year yield pushed past 5.3% as market participants adjusted to a higher-for-longer interest rate landscape.

Digital assets experienced sharp declines as systemic pressures converged on the cryptocurrency market. Prices fell after the long-awaited Clarity Act failed to advance past a procedural vote in the Senate, leaving the market without a clear framework for digital commodities. The downturn was exacerbated by rising interest rates, which traditionally act as a headwind for non-yielding assets.

International and domestic crude benchmarks registered substantial losses, extending a downward trend from earlier in the week. The market found relief after reports emerged that Saudi Arabia offered additional crude allocations via Oman, effectively tempering worries over potential supply line disruptions despite persisting geopolitical friction in the Middle East.