Debt ceiling deal optimism impacts Bitcoin and Treasury yields.

U.S. Treasury yields fell as investors awaited a vote on a debt ceiling deal ahead of the June 5 deadline. President Joe Biden and House Speaker Kevin McCarthy reached an agreement to raise the debt ceiling, but a group of Republicans said they would not agree to the deal. The Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index, came in higher than expected. A series of jobs data is expected throughout the week and could provide fresh hints about the state of the U.S. economy, which may also affect monetary policy.