Risk assets remained under pressure as U.S. Treasury yields, crude prices and the dollar all moved higher. The 10-year Treasury yield rose to 5.352%, while the 30-year yield kept pushing to fresh highs above 5.73%. In energy markets, WTI crude gained more than 4% over the past 24 hours to $92.40 a barrel, Brent rose about 4% to $105, and New York Harbor ultra-low sulfur diesel futures added another 4% to $4.80 a gallon. The U.S. Dollar Index strengthened to 102.4, adding to the strain on risk assets alongside higher yields and renewed inflation concerns. Bitcoin fell below $83,000 to $82,965, down almost 1% over the same period. Gold held above $4,100 an ounce, silver dropped to fresh lows below $59, and Nasdaq 100 futures were down nearly 1%, showing that pressure was not limited to crypto.
Risk assets stay under pressure
The latest market move offered little relief for risk-asset bulls, with U.S. Treasury yields, oil and the dollar all pushing higher at the same time.
The U.S. 10-year Treasury yield rose to 5.352%, while the 30-year yield continued to set fresh highs above 5.73%.
Oil and the dollar move higher
Energy prices extended their climb. WTI crude jumped more than 4% over the past 24 hours to $92.40 a barrel, while Brent also rose around 4% to $105.
New York Harbor ultra-low sulfur diesel futures added a further 4% to $4.80 a gallon, extending the broader surge in energy prices.
The U.S. Dollar Index, or DXY, strengthened to 102.4. Alongside rising yields and renewed inflation concerns, the stronger dollar added another headwind for risk assets.
Bitcoin falls below $83,000
Bitcoin slipped below $83,000 and traded at $82,965, down almost 1% over the past 24 hours.
Elsewhere, gold held above $4,100 an ounce, while silver fell to fresh lows below $59. Tech shares were also under pressure, with Nasdaq 100 futures down nearly 1%.
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