Global markets face volatility amid rising bond yields and oil prices

Global markets are experiencing significant volatility as rising long-term bond yields and falling technology stocks increase selling pressure. In the United States, the 10-year Treasury yield reached its highest level since January 2025, while the 30-year yield hit a peak not seen since 2007.

Geopolitical tensions in the Strait of Hormuz, driven by the expiration of a ceasefire between Iran and the U.S., have pushed Brent crude oil prices up to $91.6 per barrel. Amid these tensions, the United Arab Emirates announced a suspension of all commercial and financial activities with Iran. Additionally, Donald Trump has made statements regarding the Strait of Hormuz, suggesting it could eventually be declared U.S. territory.

In equity markets, technology stocks saw notable declines, with Nvidia, Micron Technology, and Broadcom experiencing losses. Meta also saw a share price drop following the commencement of a lawsuit regarding its impact on youth mental health.