Gate News reports that the macro market continues to fluctuate amid geopolitical uncertainty. After U.S. President Donald Trump announced a 10-day extension for negotiations related to Iran, U.S. Treasury yields rose slightly, reflecting the market’s reassessment of inflation and policy trajectory.
As of March 27, 2026, the yield on the 10-year U.S. Treasury note rose to about 4.434%, the 2-year yield approached 3.988%, and the 30-year yield increased to 4.962%. Rising yields typically indicate a drop in bond prices, and also show that funds are becoming more cautious about future interest rate environments.
This change is closely related to the situation in the Middle East. Trump stated that actions against energy facilities would be paused until April 6 to allow time for negotiations. However, the market remains skeptical about the negotiation prospects, as Iran denies any related communications, and issues regarding restricted transportation in the Strait of Hormuz have not yet eased, leaving energy supply risks still present.
Oil prices have also risen, with Brent crude futures climbing to around $109.58 per barrel, and WTI crude nearing $95. Deutsche Bank analyst Jim Reid noted that although policy signals briefly eased market sentiment, the supply-demand structure has not improved, and oil prices remain in a high-volatility range.
In this context, inflation expectations are rising again, leading the market to reprice the Federal Reserve’s potential policy trajectory. A rising interest rate environment typically exerts pressure on high-risk assets, including Bitcoin and the cryptocurrency market, which may face increased volatility.
Additionally, investors are watching for the upcoming U.S. March Michigan University Consumer Confidence Index, which will further influence the market’s assessment of economic prospects and consumer momentum. Amidst multiple intertwining macro variables, capital flows and risk appetite are entering a new adjustment phase. (CNBC)