Surging Oil Prices, Higher Bond Yields Weigh on Stocks
Brent crude jumped nearly 7% and the 10-year Treasury yield topped 4.96% as geopolitical risks and central-bank concerns pressured markets.
- On Friday, global sharemarkets slumped as soaring oil prices inflamed inflation risks, with Brent crude surging past $107 a barrel and the benchmark 10-year Treasury yield climbing toward 5%.
- Iran-Backed Houthis seized the strategic Red Sea port of Mocha on Thursday, imperiling maritime traffic through the Bab el-Mandeb Strait, a key waterway through which more than 12% of global oil transits.
- Angelo Kourkafas of Edward Jones said "it's getting harder and harder to ignore the combination of rising oil prices and higher bond yields," as long-term Treasury yields hit a new peak since 2007.
- Markets ramped up bets that the Federal Reserve will raise interest rates this month, now priced at 68% probability, while the European Central Bank raised its benchmark rate to 2.5% on Thursday.
- Analysts at JPMorgan expect eight of the nine major central banks to hike rates before year-end, as President Donald Trump claimed the war could extend beyond the November midterm elections, potentially sustaining oil price pressures.
16 Articles
16 Articles
Vedanta, Vedanta Aluminium, NALCO, other metal stocks fall up to 5% on Friday. Here’s why
Metal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment. Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and JSW Steel declined 3–5%. The US 10-year Treasury yield rose above 4.9%, its highest since 2023, as higher oil prices stoked inflation concerns and raised expectations of a potential Fed rate hike.
Global bonds fall as surging oil prices inflame inflation risks
(Refiles to remove extraneous word from headline) By Stella Qiu SYDNEY, Sept 11 (Reuters) - Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price ...
Radio France Internationale
Surging oil prices, higher bond yields weigh on stocks
The benchmark US oil contract, West Texas Intermediate, jumped above $100 a barrel Thursday after Yemen's Houthis seized control of the strategic Red Sea port city of Mocha on Thursday. The international benchmark Brent crude soared more than six percent past $107 a barrel, hitting its highest level since May. Major Wall Street indices spent the entire session in the red, with the S&P 500 falling 0.6 percent, dropping for a fourth straight day. …
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