10-year G-Sec yield rises above 7% amid soaring oil prices
pre-market1 source ↓written by the desknot a recommendation
- on Thursday
- 7.01%
- the previous day
- 6.99%
- as crude oil
- 7.06%
- per barrel
- $120
- in mid-April
- 6.86%
The 10-year benchmark government bond yield closed at 7.01% on Thursday, up from 6.99% the previous day. Yields peaked at 7.06% as crude oil prices surged to a four-year high, exceeding $120 per barrel. This rise follows hawkish comments from the Federal Reserve, indicating tighter global financial conditions. 💼
• Yields had previously softened to 6.86% in mid-April.
• Money market rates also increased, with the weighted average call rate at 5.07%.
• Elevated yields may pressure bond traders further.
Not investment advice. For informational purposes only.