Finance

Longer-dated U.S. government bond yields moved upward again as initial optimism over the Treasury Department's expanded debt repurchase program began to fade. The 10-year Treasury note yield rose past 4.73%, while the 30-year bond yield advanced over 5.27%. Investors remain concerned about the long-term outlook for national debt levels, inflation, and upcoming fiscal policy decisions.

Cryptocurrencies staged a massive rally, with Bitcoin climbing past the $77,000 threshold to record its strongest week since 2024. The sudden upward momentum triggered widespread short liquidations across digital asset exchanges and lifted related crypto stocks. Market participants attributed the surge to increased institutional inflows, White House policy support, and the liquidity effects of Treasury interventions.

Global crude benchmarks continued their upward trajectory, marking a sixth consecutive daily gain amid heightened geopolitical risks. The price increases follow threats of new economic sanctions against Iran and the expiration of a critical maritime memorandum without extension. The persistent rise in energy costs has sparked fresh inflation worries and added visible strain to consumer-facing sectors.