Finance

U.S. government bond yields crept higher as long-term debt faced selling pressure despite softening inflation figures. The U.S. Treasury recently auctioned 30-year bonds at their highest yield since 2001, reflecting the steep premium investors are demanding to absorb long-term supply. Concurrently, the benchmark 10-year Treasury yield finished trading up at roughly 4.68%.

Crude oil benchmarks recorded notable gains following reports of a tanker attack in the Persian Gulf and an ongoing naval blockade surrounding Iran. West Texas Intermediate futures settled higher at $83.20 per barrel, while international Brent crude climbed near $89 per barrel. The escalating regional conflict continues to complicate the inflation outlook and add friction to global supply chains.

Digital asset prices retreated alongside traditional equities as macroeconomic uncertainty and regulatory standstills dampened investor sentiment. The Securities and Exchange Commission canceled a anticipated meeting intended to outline crypto regulations and delayed a framework for tokenized stock trading. Bitcoin slid below the $63,000 threshold, while major altcoins like Ethereum and Solana also experienced downward pressure.