Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-07-23T17:07:25+00:00
What happened:Bond yields continued to climb on Thursday as oil prices rose amid an escalating conflict in the Middle East. The 10-year yield (^TNX), used as a benchmark formortgage and loan rates, rose to 4.7% on Thursday, the highest level since January 2025. The 30-year yield (^TYX) climbed to 5.19%, its highest level since May. The long-dated bond notched its longest stretch above 5% since 2007, the year prior to the financial crisis. Why it's important:Yields on the 10-year and 30-year remained above key psychological levels, raising concerns about mounting debt and sticky inflation, as Brent crude (BZ=F) futures on the Intercontinental Exchangejumped to $100 per barrelon Thursday. The jump occurred after reports of tank strikes off the coast of Saudi Arabia amid escalating fighting b
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