Bond Yields Spike, Precious Metals Tumble, US-China Tensions Rise

Market News
1. U.S. 10-year and 30-year Treasury yields have surged to multi-year highs (highest since 2007 for the 30-year), indicating pressure on interest rates and global markets.
2. Precious metal commodity prices have plummeted, with spot gold, silver, and palladium each dropping significantly by over 2% to 5%.
3. A U.S. Treasury official exclusively stated that the G7 is preparing measures to confront China's export and critical minerals dominance, heightening global trade tensions.