Finance

The yield on the benchmark 10-year U.S. Treasury note surged toward the 5% threshold, reaching its highest level since 2007. This dramatic rise in borrowing costs reflects growing market concern over sticky inflation, heavy debt issuance, and a increasingly restrictive monetary policy stance.

Energy prices scaled four-month highs, with Brent crude hitting nearly $109 per barrel after supply disruptions in the Middle East. The closure of a critical East-West pipeline in Saudi Arabia following regional attacks stoked severe geopolitical anxieties and intensified fears of global energy supply constraints.

Spot gold prices fell below $4,300 per ounce, sliding to their lowest level in more than a month. The non-yielding metal has faced heavy downward pressure as rising bond yields and aggressive interest rate expectations diminish its investment appeal relative to fixed-income assets.