Oil Near $100 Meets 5% Yields: An Inflation Trap
WTI is flirting with $100 and the 10-year sits above 5%. Energy is driving inflation, and long bonds are pricing the risk that it lasts.
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WTI is flirting with $100 and the 10-year sits above 5%. Energy is driving inflation, and long bonds are pricing the risk that it lasts.
Nasdaq fell 2.15% while the Dow lost just 0.34%, as crude above $100 and a 5.08% 10-year yield squeezed high-multiple tech stocks.
All three major U.S. indexes closed lower Friday as climbing Treasury yields and a pullback in gold kept buyers sidelined heading into the weekend.
Stocks surged Thursday as chips rebounded and oil slipped below $92 after Iran paused strikes on Israel. Nasdaq led the advance.
Stocks grind higher as gold surges 1.54% past $4,482 — investors hedge geopolitical risk while the 10-year yield holds near 4.8%.
Nasdaq slides 1.3% while the Dow holds firm; gold retreats from records and oil stays above 5.
Stocks drifted lower from record highs on Monday as the 10-year Treasury yield ticked up, oil topped 5, and gold cooled. Here's what moved the markets.
Major indexes drift lower while Treasury yields grind toward 52-week highs, gold holds near $4,450, and Bitcoin reclaims $63K.
Stocks slipped modestly Friday while Treasury yields climbed and crude oil pushed past $82, with gold extending its summer rally near $4,437.