The US Treasury 10-year yield has surpassed 5% for the first time in 16 years, signalling significant financial implications for American consumers and businesses. This surge indicates higher borrowing costs across various sectors.
Global oil prices increased significantly following Iran's missile attacks on Israel, marking a direct violation of the fragile April ceasefire. Brent crude jumped to $95.50 a barrel, with US-traded crude also seeing a notable rise. The Islamic Revolutionary Guard Corps declared these attacks the beginning of a 'full week' of strikes, threatening further escalation. The Strait of Hormuz remains a critical flashpoint for energy flows.
Major US stock markets experienced a notable downturn on Friday, with the tech-heavy Nasdaq index recording its most significant single-day decline since April 2025. This sell-off was triggered by a stronger-than-expected US jobs report for April, which led investors to anticipate prolonged high interest rates from the Federal Reserve, dampening enthusiasm for speculative tech stocks.
