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US 30-Year Yields Hit 2002 Highs as Crude Oil Surges Past $100

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.




