Stories
Wall Street Volatility Persists Amidst Bond Market Meltdown and Elevated Oil Prices
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CNBC TV18•25-09-2026, 05:02
Wall Street Volatility Persists Amidst Bond Market Meltdown and Elevated Oil Prices
- •Wall Street indices showed significant volatility, recovering most losses despite ongoing bond market sell-off and high oil prices.
- •US bond markets continue to face pressure, with the 10-year note yield jumping to 5.21%, its highest since 2007, and the 30-year yield nearing 5.5%, highest since 2004.
- •The Treasury Department's bond buyback program and a seven-year bond auction saw less-than-anticipated demand, indicating continued market stress.
- •Analysts at JPMorgan predict further yield increases due to energy-driven inflation, heavy government borrowing, and potential monetary policy tightening.
- •Crude oil prices remain elevated, with Brent crude around $105-$106 a barrel and West Texas Intermediate near $95 a barrel, amidst conflicting geopolitical reports.
Key Questions Answered
The yield on the 10-year note jumped to 5.21%, marking its highest level since 2007, while the 30-year bond yield approached the 5.5% mark, reaching its highest level since 2004.
During the bond buyback program on Thursday, September 24, the Treasury Department accepted bonds worth $4.1 billion, which fell below the maximum limit of $6 billion.
Brent crude prices continue to trade around the $105 to $106 a barrel mark, whereas West Texas Intermediate remains near the $95 a barrel level.
