Finance

Bond yields faced severe upward pressure this week as investors weighed future monetary policy adjustments. The yield on the 10-year Treasury note climbed back to the 5% threshold, reaching levels not seen since 2023, while the policy-sensitive 2-year Treasury yield advanced to 4.741%, marking its highest close since mid-2024.

Global oil benchmarks slipped roughly 1% for a third consecutive session, with Brent crude moderating toward $103 a barrel. The decline reflects a partial unwinding of geopolitical risk premiums following improved export logistics for Saudi Arabian crude, specifically the active restoration of the East-West pipeline and alternative transit strategies that bypass vulnerable regional chokepoints.

Precious metals surged at the end of the week, with spot gold breaking past major resistance levels to approach $4,400 per ounce. Bullion captured its first weekly gain in nearly a month, drawing support from a parallel retreat in global energy costs and fresh clarity surrounding the Federal Reserve's restrictive macroeconomic outlook.