Finance

U.S. government bond yields experienced a mild retreat, offering a relief tailwind to broader equity markets. Despite the slight downward move, long-term borrowing costs remain highly elevated, with the 10-year and 30-year yields lingering near their highest marks since the early 2000s.

Crude oil benchmarks hovered around $100 per barrel, stabilizing after earlier daily declines as markets weighed localized supply disruptions against planned strategic reserves releases. Concurrently, the U.S. Energy Information Administration increased its price outlook for the year due to rapid global inventory drawdowns from ongoing Middle Eastern conflicts.

The corporate dealmaking landscape saw a major boost as France's Schneider Electric agreed to purchase the software enterprise PTC. The massive all-cash deal is valued at $22.6 billion, causing PTC shares to surge substantially following the confirmation.