From Financialexpress · Aditi · · 1m 40s
US Treasury Yields Ease as Oil Falls
US Treasury prices rise after strong auction demand and oil price drop.
In brief
US Treasury prices rise after strong auction demand and oil price drop. US Treasury yields eased from 24-year highs as a $39 billion 10-year note auction drew strong demand and oil prices fell. Originally reported by Financialexpress.
US Treasury prices rise
US Treasury prices rose on Wednesday as yields eased from 24-year highs driven by strong demand at a $39 billion 10-year note auction and falling oil prices.
Oil prices fall
Brent crude fell 0.5% to $100.09 a barrel while US crude dropped 1.1% to $88.32 a barrel.
Treasury yields hit 24-year highs
The 10-year Treasury yield reached a 24-year high of 5.364% while the 30-year yield touched a 24-year high at 5.669%.
Stock indexes end lower
The S&P 500 and Dow Jones Industrial Average ended their four-day winning streaks while the Nasdaq recorded its first fall in six sessions.
Strong 10-year auction brings buyers
The $39 billion sale of 10-year Treasury notes triggered buying across the Treasury market despite concerns about rising US fiscal deficits.
Fed minutes show rate hike debate
Fed minutes showed policymakers were divided over reasons for the latest rate increase with some believing it was needed to limit energy price impacts.
Mortgage rates rise
The 30-year fixed mortgage rate surged to a near three-year high as Treasury yields rose.
SpaceX financing report
SpaceX reportedly seeking $40 billion in financing for Nvidia chip purchases through bank loans and investment-grade debt.
Earnings season begins
Third-quarter earnings season begins next week with investors watching for AI technology returns and US consumer health.
The headline
US Treasury yields eased from 24-year highs as a $39 billion 10-year note auction drew strong demand and oil prices fell.
