Global markets surged as oil prices fell below $100, triggering a broad relief rally across equities, bonds, and currencies.
Brent crude dropped sharply, while U.S. crude also declined, easing concerns over supply disruptions and inflationary pressures.
The U.S. dollar weakened as demand for safe-haven assets faded, signaling a shift toward risk-on sentiment among global investors.
Bond markets rallied strongly, with U.S. Treasury yields falling to multi-week lows as traders reassessed interest rate expectations.
The benchmark 10-year Treasury yield declined notably, reflecting renewed optimism around potential monetary easing later this year.
Despite the rally, analysts caution that uncertainty remains, with oil prices expected to stay structurally elevated compared to earlier levels.
Investors remain cautious on long-term positioning, awaiting clearer signals before committing to sustained risk exposure across global markets.
