U.S. crypto stocks rose before the market opened, with Riot Platform rising nearly 6%

Goldman Sachs believes that Baisent is trying to stabilize the long-term US bond market by expanding US Treasury repurchase operations and advancing fiscal consolidation. However, after a brief decline, long-term bond yields rebounded quickly, indicating that policy tools are still insufficient to resolve fiscal and supply-demand pressures. Meanwhile, stagflation signals have intensified: oil prices surged over 7% in a single week, and the 10-year breakeven inflation rate rose nearly 10 basis points in two weeks; yet consumer demand continues to cool, with Walmart same-store sales growth dropping to a six-year low of 2.6%. The "stagflation basket" rose 6.7% this week.