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Global Markets Hit By 24-Year High Bond Yields And Rising Crude Prices
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CNBC Awaaz•08-10-2026, 07:23
Global Markets Hit By 24-Year High Bond Yields And Rising Crude Prices
- •US stock indices closed lower on Wednesday driven by concerns over surging bond yields and crude oil prices.
- •The US 10-year bond yield touched an intraday high of 5.35 percent before settling at 5.28 percent following strong demand.
- •Minutes from the US Federal Reserve meeting indicated the possibility of another interest rate hike before the end of the year.
- •Geopolitical tensions and supply disruptions in the Gulf of Mexico pushed crude oil prices higher.
- •Corporate earnings brought mixed reactions as Samsung reported record operating profits and Levi Strauss beat EPS estimates.
Key Questions Answered
The US 10-year bond yield touched an intraday high of 5.35%, driven by market concerns over high interest rates, persistent inflation, robust economic growth, and AI-related investments.
Fed meeting minutes indicated that persistently high inflation and a strong labor market could make another interest rate hike appropriate before the end of the year.
Crude oil prices surged due to growing geopolitical tensions involving Iran and the Houthis, alongside production halts of over 510,000 barrels per day caused by Hurricane Isaias in the Gulf of Mexico.
