Finance

Concerns over persistent inflation, large government deficits, and heavy debt supply triggered sharp declines in global bond markets. In the United States, the 30-year Treasury yield surged to its highest mark since 2007, echoing similar movements across sovereign bonds in Europe and Japan.

The tech-heavy Nasdaq led market losses as climbing bond yields heightened corporate borrowing costs and eroded the present value of future tech earnings. High-profile semiconductor and artificial intelligence firms faced heavy selling pressure, prompting investors to rotate into defensive positions like healthcare and consumer staples.

Bitcoin and Ethereum experienced downward pressure during morning trading as investors reacted to the ongoing conflict involving Iran. While prices initially recorded slight gains following regional territorial assertions, analysts remain divided on whether digital currencies will stabilize or extend their current bear cycle.