Stories

Traders extended their short bets against US government bonds, signaling that the selloff may have further to run.
M
Moneycontrol•07-10-2026, 17:41
US 30-Year Yields Hit 2002 Highs as Crude Oil Surges Past $100
  • •US Treasuries resumed their retreat, pushing the 30-year yield to its highest level since 2002.
  • •Crude oil prices climbed back above $100 a barrel following fresh attacks in the Middle East.
  • •Soaring energy prices and ballooning deficits have raised concerns about faster inflation and more interest rate hikes.
  • •Swaps markets indicate a 24% chance of a Federal Reserve rate hike this month, with a full hike priced in by year-end.

Key Questions Answered

US 30-year yields returned to their highest levels since 2002 as climbing crude oil prices renewed concerns about faster inflation and further central bank interest-rate increases.

Fresh attacks by Iran on vessels in the Strait of Hormuz pushed Brent crude past $102 a barrel.

Swaps markets indicate a 24% chance of a Federal Reserve rate hike during the month, with a hike fully priced in by the end of the year.