Bond Selloff Pressures Stocks as Akamai Surges on Anthropic Deal
A global bond selloff drove long-term U.S. Treasury yields to multi-year highs and pulled equities lower across several regions. Akamai shares rose sharply after it secured an $11.6 billion cloud services deal with Anthropic. A Trump-Xi state dinner ended without concrete trade breakthroughs, adding to market uncertainty.
Long-dated U.S. Treasury yields climbed to levels not seen in several years as a worldwide bond rout weighed on stock benchmarks in Europe, Asia, and much of the Americas. Oil traded above $108, while market sentiment leaned bearish: 65 of 135 tallied items were negative, versus 38 positive and 32 neutral.
Akamai’s $11.6 billion cloud agreement with Anthropic lifted its shares by as much as 20% after hours, highlighting AI infrastructure demand. Tesla started high-volume Semi output and first deliveries; Oracle’s data-center delay hit SoftBank; Bitget paused withdrawals after a $351.6 million wallet breach.
Higher long-term yields may raise borrowing costs for governments, firms, and households, potentially cooling investment and housing demand. The Akamai-Anthropic deal could accelerate AI infrastructure spending, affecting cloud providers, energy use, and tech employment. Crypto users may face renewed security concerns after the Bitget breach. If trade talks remain inconclusive, businesses and consumers could delay spending amid uncertainty. These effects may vary by region and income group.