Rising Yields and Oil Prices Pressure Equity Markets
Escalating geopolitical tensions and sticky inflation have pushed Brent crude above $108 and the 10-year yield past 4.96%, while the 30-year bond yield hits a multi-year high of 5.308% amid rising expectations for imminent Fed rate hikes.
Per GN auto markets/bonds: treasury yields, the 30-year US Treasury yield has climbed to 5.308%, marking its highest level since 2007 as investors price in further Federal Reserve tightening.
Source: GN auto markets/bonds: treasury yieldsPer GN auto markets/bonds: treasury yields, Brent crude has surged nearly 7% to top $108 per barrel as Houthi rebels seized the port city of Mokha, while the 10-year Treasury yield has broken above 4.96%. The ECB also hiked its benchmark rate to 2.5% on the back of persistent inflation risks, driving the probability of a Federal Reserve rate hike next week to 71.6%.
Source: GN auto markets/bonds: treasury yieldsEscalating geopolitical tensions have pushed crude oil to a 3.25-month high, driving the 10-year US Treasury yield to 4.82% and weighing on equities.
Source: GN stocks/nasdaq
