Finance

Treasury yields advanced broadly following better-than-expected economic data, with the benchmark 10-year note yield touching 5.11%, its highest point since 2007. Investors are increasingly budgeting for interest rates to remain elevated for a prolonged period, especially after recent hawkish guidance from central bank officials and a poorly received debt auction.

Global crude benchmarks fluctuated sharply due to persisting geopolitical tensions between the United States and Iran around the critical Strait of Hormuz. Although hopes for a shipping agreement briefly pared afternoon energy spikes, crude prices remained comfortably above $100 per barrel, further fueling long-term inflation fears.

Cryptocurrency markets demonstrated resilience as Bitcoin maintained its footing above $84,000, successfully validating key on-chain acquisition levels. The digital asset has capitalized on robust capital inflows into spot exchange-traded products, shifting prior psychological overhead resistance into firm baseline support.