Oil's Pullback From $107.63 Peak Drags Treasury Yields Back Toward 4.93%, Even After the Fed's First Hike Since 2023
Since Brent crude spiked to $107.63 on September 10 amid the escalating US-Iran fight, oil has settled into a $101-$105 range and 10-year Treasury yields have eased to roughly 4.93%-4.95%, even after the Federal Reserve raised rates to 3.75%-4.00% on September 16, its first hike since 2023. Wall Street got a one-day relief rally out of it, but the Dow still logged its third straight losing week and Fed Chair Kevin Warsh is signaling nothing is settled.