Finance

President Donald Trump implemented a new 15% duty on polysilicon imports and established minimum prices on related goods to shield domestic production from foreign competition. The executive action, executed under Section 232 of the Trade Expansion Act, spurred a notable lift in domestic solar energy equities.

Bond markets initially reacted to the dismal employment data with a sharp downward turn in yields. However, fixed-income traders later erased most of those losses, leaving the 10-year Treasury yield trading slightly lower at 4.65% as focus shifted to upcoming inflation reports.

Bitcoin climbed back above the $65,000 threshold following the weak labor metrics, aided by short liquidations in the derivatives market. Meanwhile, the U.S. Treasury Department heightened regulatory scrutiny by blacklisting two digital asset exchanges connected to an Iranian shadow-banking network.