Finance

The yield on the benchmark 10-year U.S. Treasury note advanced to roughly 5.31%, holding near its highest thresholds in over twenty years. Bond market movements come as investors evaluate slower labor growth from the latest employment data, causing traders to drastically dial back expectations for an October interest rate hike by the Federal Reserve.

Brent crude futures settled down roughly 1.9% at approximately $100.32 per barrel despite ongoing geopolitical conflicts involving Iran and Yemen. Prices pulled back after G7 countries and European nations agreed to release strategic fuel supplies, combined with expanding exports coming out of the Middle East.

The world's largest cryptocurrency jumped above the $86,000 threshold, exhibiting positive near-term technical momentum. The digital asset's upward trajectory sparked nearly $14 million in short-position liquidations across prominent global spot and futures exchanges.