Finance

Long-term Treasury yields maintained their elevated levels, with the 30-year note hovering above 5.25% and the 10-year benchmark consolidating around 4.73%. Borrowing costs remained stubbornly high even after Treasury Secretary Scott Bessent announced plans to double the size of long-dated bond buybacks. Investors continue to worry about expansive federal deficit spending and structural inflation risks.

Bitcoin climbed significantly over the week, surging past the $77,000 threshold to secure its strongest weekly performance in over two years. The digital asset's strong upward momentum was accelerated by President Trump's push for crypto-friendly legislation and a boost in market liquidity expectations following the Treasury's buyback announcement. The rally fueled substantial institutional inflows into U.S. spot cryptocurrency exchange-traded funds and lifted major crypto-linked equities.

International benchmark Brent crude stabilized near $94 a barrel following an extended streak of consecutive daily gains. The price appreciation was fueled by intensifying conflict with Iran and the breakdown of a critical maritime memorandum of understanding, which sparked concerns over potential supply disruptions in the Persian Gulf. Furthermore, corporate earnings highlighted that rising fuel costs are beginning to create noticeable headwinds for domestic retail consumers.