10-year G-Sec yield surpasses 7% amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- on Thursday
- 7.01%
- the previous day
- 6.99%
- during the session
- 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. This increase follows a peak of 7.06% during the session, driven by crude oil prices exceeding $120 per barrel and hawkish signals from the Federal Reserve. Traders face tightening financial conditions as yields firm up amidst rising oil costs.
• Yields previously softened to 6.86% in mid-April
• Money market rates also increased, with the weighted average call rate at 5.07%
Not investment advice. For informational purposes only.