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Treasury Yields Slip as Oil Prices Fall

By Markets Desk · 2026-09-17 · Updated 2026-09-17 15:58 UTC
A stack of paper currency and a calculator on a wooden desk
Illustration: Tradingbird

Following the initial reaction to the Federal Reserve's rate hike, the market has shifted toward a risk-on posture as falling oil prices and a 5.7-basis-point dip in 10-year Treasury yields have driven broad equity gains. Major U.S. indices are now posting significant rises, with the Dow and Nasdaq both gaining over 100 points despite cooler jobs data.

  • According to Schaeffer's Investment Research, the easing in bond yields and a 1.3% slide in WTI crude are propelling the Dow and Nasdaq into triple-digit territory this afternoon, as investors largely overlook a drop in weekly jobless claims to 196,000.

    Source: Schaeffer's Investment Research

  • The 10-year U.S. Treasury yield dropped 5.7 basis points to 4.947 percent on Thursday. This decline followed a sharp drop in crude oil prices and the market's initial reaction to the Federal Reserve's rate hike.

    Source: The Globe and Mail
Based on reporting by The Globe and Mail and Schaeffer's Investment Research, compiled by the Tradingbird desk.

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