10-Year Yield Hits 4.9% as Oil Tops $100

With the 10-year yield now at 4.963% and oil surpassing $100, equity markets have slipped for a fourth consecutive day amid sticky inflation data. Futures traders have increased the odds of a Federal Reserve rate hike to 71%, driven by surging energy costs and expectations that September price pressures will outweigh recent PPI signals.
Kiplinger reports that the 10-year Treasury yield has further climbed to 4.963%, marking its highest level since 2023, while the 2-year yield also hit a post-2024 peak. Futures markets are now pricing in a 71% probability of a rate hike at next week's Fed meeting, up from 61% previously, as traders weigh the impact of record-high diesel prices and an eight-day streak of rising oil costs.
Source: GN auto markets/bonds: treasury yieldsThe 10-year US Treasury yield reached 4.906% Thursday. Crude oil prices crossed $100 per barrel. Inflation fears remain high ahead of the Fed meeting.
Source: GN auto markets/bonds: bond yields






