Nasdaq Hits Record High, US Treasury Yields Hit New Records; Huawei and Qualcomm Reach Patent Agreement

Huawei and Qualcomm have reached their first 5G patent licensing agreement, with an estimated total value exceeding $6.9 billion. The Nasdaq index hit another intraday all-time high, while US long-term bond yields and crude oil prices moved in tandem. The Russian Ministry of Finance announced a substantial increase in its purchases of foreign exchange and gold.