Finance

Government bond yields fell sharply after the June inflation data suggested price pressures are beginning to moderate. The yield on the benchmark 10-year Treasury note dropped to approximately 4.58%, down from 4.62% the previous day. Consequently, market expectations for an interest rate hike at the Federal Reserve's upcoming July meeting plummeted to around 17% from previous highs.

Major US banks, including Goldman Sachs and JPMorgan Chase, reported robust second-quarter profits, helping to buoy the financial sector. However, the Dow Jones Industrial Average remained nearly flat, ending the day up only 0.02% due to a massive sell-off in IBM shares. IBM's stock plummeted roughly 25% after the company issued a profit warning and cited soft demand in its software business.

The digital asset market experienced a broad recovery on July 14, 2026, as easing inflation concerns encouraged investors to return to riskier assets. Bitcoin rose roughly 3.8% to trade above $64,400, while Ethereum saw a more pronounced jump of 6.1%, reaching approximately $1,874. This rally followed a period of volatility driven by geopolitical tensions in the Middle East and earlier fears of persistent inflation.