Finance

U.S. Treasury yields resumed their aggressive upward trajectory, putting severe pressure on equity valuations and growth sectors. The benchmark 10-year Treasury note yield rose past the 5.2% mark, approaching territory not recorded since 2007. Concurrently, the 30-year bond yield hovered above 5.5% as investors adjusted to the likelihood of a higher-for-longer monetary policy regime.

Despite a general downturn affecting high-profile technology and artificial intelligence firms, Nvidia managed to book gains. The chip manufacturing giant announced a massive $150 billion expansion to its existing share repurchase program, supporting its equity value during a broader software sector selloff. The company also sparked industry interest by launching new open-source AI safety platforms.

The digital asset ecosystem experienced quiet trading as Bitcoin consolidated slightly above the $83,000 threshold. Market dynamics were dominated by news that exchange platform Bitget initiated a phased resumption of customer asset withdrawals following a major security exploit. Meanwhile, institutional interest remained steady as Citigroup teamed up with Coinbase to integrate corporate stablecoin payment rails.