From Yahoo Finance · · 1m 10s
Treasury yield drops, oil hits $100
10-year Treasury yield falls to 4.96% as oil prices drop to $100.
In brief
10-year Treasury yield falls to 4.96% as oil prices drop to $100. The 10-year Treasury yield eased to 4.96% and oil prices fell to $100 per barrel after the Federal Reserve raised interest rates. Originally reported by Yahoo Finance.
Market rebound
Stocks rebounded on Thursday as oil prices declined and bond yields eased after the Federal Reserve raised interest rates for the first time since 2023.
Rate hike expectation
Investors anticipated Fed officials would hike interest rates by 25 basis points on Wednesday, with central bankers now seeing a second hike this year.
Treasury yield drop
The 10-year Treasury ( ^TNX ) yield fell by 5 basis points on Thursday, to hover near 4.96%.
Oil prices fall
Brent crude futures ( BZ=F ) dropped to $102 per barrel while West Texas Intermediate ( CL=F ) traded near $100.
Tech stocks rise
Tech stocks (XLK ) gained as the stock of chip heavyweight ( NVDA ) rose more than 2% and e-commerce giant Amazon ( AMZN ) rallied.
Bitcoin and gold
Bitcoin ( BTC-USD ) gained roughly 1% to hold above $76,000 while gold ( GC=F ) also held steady above $4,400.
Here's the gist
The 10-year Treasury yield eased to 4.96% and oil prices fell to $100 per barrel after the Federal Reserve raised interest rates.
