Welcome back to Markets Desk, where we cut through the noise and get straight to what's moving.
Treasury yields are sending a stark warning to Washington. Thirty-year bonds hit five point two percent ahead of the Memorial Day weekend, the highest in nineteen years, while the ten-year touched four point seven percent. With thirty-nine trillion dollars in federal debt outstanding, the Congressional Budget Office's already grim fiscal projections are starting to look dangerously optimistic. There is simply no cushion left.
Shifting to energy, oil prices are pulling back after President Trump signaled the United States is closing in on a nuclear deal with Iran. Trump said a final determination is imminent, and traders are pricing in the possibility of Iranian barrels returning to global supply. That kind of supply relief, if it materializes, would put meaningful downward pressure on crude.
And on the semiconductor side, Micron has crossed one trillion dollars in market capitalization following a bullish analyst note, with investors eyeing the company's earnings report due June twenty-fourth as the next major catalyst. The memory chip maker has been riding the AI infrastructure wave hard, and expectations heading into that print are running high.
That's the tape. Markets Desk, signing off the floor.
