Rising Oil Prices Push Bond Yields to Two-decade Highs
WHO:
NBC News - Peter Boockvar, chief investment officer at OnePoint BFG Wealth
NBC News - John Williams, President of the Federal Reserve Bank of New York
NBC News - Scott Bessent, Treasury Secretary
Bloomberg Markets - Grace Peters, Co-Head of Global Investment Strategy at JP Morgan Private Bank
WHAT:
NBC News - The yield on the 30-year U.S. Treasury bond soared as high as 5.446%, a level not seen in 22 years.
Bloomberg Markets - The rate on 30-year Treasuries rose as much as four basis points to 5.44%, the highest since 2004.
NBC News - The national average price for diesel was $4.51, unchanged from a day earlier but up 73% since the Iran war began.
NBC News - The national average price of regular unleaded gas was $4.48 per gallon, 50% higher than when the U.S. and Israel attacked Iran in late February.
NBC News - The S&P 500 was down by 0.5%, while the Nasdaq Composite declined 0.7%, and the Dow tumbled almost 300 points.
NBC News - The yield on Japan’s 10-year bond rose to its highest level since 1996.
NBC News - The yield on Germany’s 10-year bund reached its highest yield since 2009.
NBC News - The Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds later on a Thursday.
NBC News - The yield on the 10-year U.S. Treasury bond climbed as high as 5.15%, its highest level since 2007.
NBC News - The national average price for diesel was $4.51, unchanged from a day earlier but up 73% since the Iran war began.
NBC News - The national average price of regular unleaded gas was $4.48 per gallon, 50% higher than when the U.S. and Israel attacked Iran in late February.
Bloomberg Markets - The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004.
Bloomberg Markets - The yield gaps with emerging Asia bonds have approached record levels due to the surge in Treasury yields.
Bloomberg Markets - The next test for Treasury Secretary Scott Bessent’s plan will arrive later on Thursday, when the Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds.
NBC News - Oil prices jumped again, reaching $105 per barrel, following a lack of progress in U.S. dialogue with Iran at the United Nations General Assembly.
NBC News - The yield on Japan’s 10-year bond rose to its highest level since 1996 on Thursday.
NBC News - The yield on Germany’s 10-year bund reached its highest yield since 2009 on Thursday.
NBC News - The Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds later on a Thursday.
NBC News - The yield on 30-year Treasuries rose as high as 5.44%, the highest since 2004.
Bloomberg Markets - The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004.
NBC News - The yield on the 30-year U.S. Treasury bond soared as high as 5.446%, a level not seen in 22 years.
NBC News - The yield on the 10-year U.S. Treasury bond climbed as high as 5.15%, its highest level since 2007.
NBC News - The national average price for diesel was $4.51, unchanged from a day earlier but up 73% since the Iran war began.
NBC News - The national average price of regular unleaded gas was $4.48 per gallon, 50% higher than when the U.S. and Israel attacked Iran in late February.
NBC News - The Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds later on a Thursday.
NBC News - The yield on Japan’s 10-year bond rose to its highest level since 1996.
NBC News - The yield on Germany’s 10-year bund reached its highest yield since 2009.
NBC News - The S&P 500 was down by 0.5%, while the Nasdaq Composite declined 0.7%, and the Dow tumbled almost 300 points.
NBC News - A report from S&P Global indicated that firms’ input costs jumped in September at the steepest rate for four years.
NBC News - John Williams stated, “It’s likely that another rate hike may be appropriate by the end of the year.”
NBC News - Scott Bessent said, “I am the house now” during a defense of Treasury Department interventions.
NBC News - Bessent also stated, “If some of the Bloomberg Terminal bros are unhappy with what I’m doing, well, that’s too bad.”
Bloomberg Markets - The yield on 30-year Treasuries rose as high as 5.44%, the highest since 2004.
Bloomberg Markets - Brent crude oil prices jumped more than 3% amid rising tensions, contributing to the surge in bond yields.
Bloomberg Markets - The yield gaps with emerging Asia bonds have approached record levels due to the surge in Treasury yields.
NBC News - The yield on the 30-year U.S. Treasury bond soared as high as 5.446%, a level not seen in 22 years.
NBC News - The yield on the 10-year U.S. Treasury bond climbed as high as 5.15%, its highest level since 2007.
NBC News - The national average price for diesel was $4.51, unchanged from a day earlier but up 73% since the Iran war began.
NBC News - The national average price of regular unleaded gas was $4.48 per gallon, 50% higher than when the U.S. and Israel attacked Iran in late February.
NBC News - The Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds later on a Thursday.
NBC News - The price of oil returned to $105 per barrel.
NBC News - The yield on Japan’s 10-year bond rose to its highest level since 1996.
NBC News - The yield on Germany’s 10-year bund reached its highest yield since 2009.
NBC News - The S&P 500 was down by 0.5%, while the Nasdaq Composite declined 0.7%, and the Dow tumbled almost 300 points.
NBC News - A report from S&P Global indicated that firms’ input costs jumped in September at the steepest rate for four years.
NBC News - John Williams stated, “It’s likely that another rate hike may be appropriate by the end of the year.”
NBC News - Scott Bessent said, “I am the house now” during a defense of Treasury Department interventions.
NBC News - Bessent also stated, “If some of the Bloomberg Terminal bros are unhappy with what I’m doing, well, that’s too bad.”
NBC News - The yield on the 30-year U.S. Treasury bond reached 5.446%, the highest level in 22 years.
NBC News - The yield on the 10-year U.S. Treasury bond climbed to 5.15%, the highest level since 2007.
NBC News - The national average price for diesel was $4.51, up 73% since the Iran war began.
NBC News - The national average price of regular unleaded gas was $4.48 per gallon, 50% higher than when the U.S. and Israel attacked Iran in late February.
Bloomberg Markets - Yields on U.S. government bonds reached the highest levels since 2007 due to inflation and fiscal concerns.
WHERE:
NBC News - The U.S. Treasury bond market
NBC News - Japan and Germany, as referenced in bond yield comparisons
WHEN:
NBC News - The yield on the 30-year U.S. Treasury bond was noted on a Thursday.
NBC News - The Treasury Department is set to buy back up to $6 billion worth of 20- to 30-year bonds later on a Thursday.
NBC News - Scott Bessent made a statement on September 8.
WHY:
Bloomberg Markets - The surge in Treasury yields has pushed yield gaps with emerging Asia bonds toward record levels, raising the risk of capital outflows from the region.
NBC News - A report from S&P Global indicated that while U.S. business activity accelerated in September, firms’ input costs surged at the steepest rate for four years, with fuel and transport costs spiking higher.
Bloomberg Markets - The bond selloff is driven by inflation and fiscal concerns, exacerbated by a hot economy and rising oil prices.
NBC News - Rising oil prices and ongoing geopolitical tensions, particularly the war in Iran, are contributing to increased bond yields and inflation concerns.
NBC News - Rising oil prices and ongoing geopolitical tensions, particularly the war in Iran, are contributing to increased bond yields and inflation concerns.
NBC News - A report from S&P Global indicated that U.S. business activity accelerated, but input costs surged at the steepest rate in four years, prompting bets on Federal Reserve rate hikes.
HOW:
NBC News - Federal Reserve Bank of New York President John Williams stated, “It’s likely that another rate hike may be appropriate by the end of the year” during a speech in London.
NBC News - Federal Reserve Bank of New York President John Williams stated, “It’s likely that another rate hike may be appropriate by the end of the year” during a speech in London.
Bloomberg Markets - Traders have ramped up bets on further Federal Reserve rate hikes following strong U.S. economic data and weak demand at a Treasury auction.
NBC News - The Treasury Department intervened in the bond markets by buying back longer-dated Treasuries to keep yields low.
NBC News - The Treasury Department intervened in the bond markets by buying back longer-dated Treasuries to keep yields low.
NBC News - John Williams indicated that another rate hike may be appropriate by the end of the year to combat inflation.
(UPDATED September 25, 2026 11:55 UTC)
The yield on the 30-year U.S. Treasury bond has surged to 5.446%, marking the highest level in 22 years, while the national average price for diesel remains at $4.51, up 73% since the onset of the Iran war. In the stock market, the S&P 500 fell by 0.5% and the Nasdaq Composite dropped 0.7%, with the Dow losing almost 300 points. Meanwhile, Federal Reserve Bank of New York President John Williams indicated that another rate hike may be appropriate by the end of the year during a speech in London.
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(UPDATED September 25, 2026 10:56 UTC)
The yield on the 10-year U.S. Treasury bond has surged to 5.15%, marking its highest level since 2007, while the 30-year Treasuries also saw an increase, reaching 5.44%, the highest since 2004. Meanwhile, the national average price for diesel remains steady at $4.51, but has jumped 73% since the onset of the Iran war, and regular unleaded gas is now averaging $4.48 per gallon, which is 50% higher than prices recorded when the U.S. and Israel attacked Iran in late February. Later today, Treasury Secretary Scott Bessent's plan will face a significant test as the Treasury Department is scheduled to buy back up to $6 billion worth of 20- to 30-year bonds.
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(UPDATED September 25, 2026 09:58 UTC)
Oil prices surged to $105 per barrel amid stalled discussions between the U.S. and Iran at the United Nations General Assembly. In the bond market, Japan's 10-year bond yield reached its highest level since 1996, while Germany's 10-year bund also hit its highest yield since 2009, and 30-year Treasuries climbed to 5.44%, the highest since 2004. Federal Reserve Bank of New York President John Williams indicated that another rate hike may be appropriate by the end of the year, following a report showing a significant increase in U.S. business activity and input costs.
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(UPDATED September 25, 2026 09:01 UTC)
The yield on the 30-year U.S. Treasury bond surged to 5.446%, marking its highest point in 22 years, while the yield on the 10-year bond climbed to 5.15%, the highest since 2007. In the energy sector, the national average price for diesel remains at $4.51, reflecting a 73% increase since the onset of the Iran war, and regular unleaded gas is now averaging $4.48 per gallon, which is 50% higher than prices recorded when the U.S. and Israel attacked Iran in late February. Meanwhile, the S&P 500 fell by 0.5%, the Nasdaq Composite dropped 0.7%, and the Dow lost nearly 300 points, as a report from S&P Global revealed that firms' input costs have surged at the fastest rate in four years.
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(UPDATED September 24, 2026 23:57 UTC)
The yield on 30-year Treasuries has surged to 5.44%, marking the highest level since 2004, as Brent crude oil prices jumped more than 3% amid rising tensions. This bond selloff is primarily driven by inflation and fiscal concerns, fueled by a hot economy and those climbing oil prices, leading to record yield gaps with emerging Asia bonds. Traders are increasing their bets on further Federal Reserve rate hikes following strong U.S. economic data and weak demand at a recent Treasury auction.
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(UPDATED September 24, 2026 18:58 UTC)
The yield on the 30-year U.S. Treasury bond has surged to 5.446%, marking its highest level in 22 years, while the yield on the 10-year bond has climbed to 5.15%, the highest since 2007. Meanwhile, the national average price for diesel remains at $4.51, unchanged from the previous day but up 73% since the onset of the Iran war, and regular unleaded gas is priced at $4.48 per gallon, reflecting a 50% increase since late February. In response to rising oil prices and ongoing geopolitical tensions, the Treasury Department plans to buy back up to $6 billion worth of 20- to 30-year bonds later this week to help stabilize yields.
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(UPDATED September 24, 2026 17:57 UTC)
Oil prices have surged back to $105 per barrel, while yields on Japan’s 10-year bond and Germany’s 10-year bund have reached their highest levels since 1996 and 2009, respectively. In the stock market, the S&P 500 fell by half a percent, the Nasdaq Composite dropped by seven-tenths of a percent, and the Dow tumbled nearly 300 points, as a report from S&P Global revealed that firms’ input costs spiked in September at the fastest rate in four years. Additionally, John Williams indicated that another rate hike may be likely by the end of the year, while Scott Bessent defended Treasury Department interventions, stating, “I am the house now,” and added, “If some of the Bloomberg Terminal bros are unhappy with what I’m doing, well, that’s too bad.”
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(UPDATED September 24, 2026 17:02 UTC)
The yield on the 30-year U.S. Treasury bond has surged to 5.446%, marking the highest level in 22 years, while the yield on the 10-year bond climbed to 5.15%, the highest since 2007. Rising oil prices and ongoing geopolitical tensions, particularly the war in Iran, are driving these increases in bond yields and inflation concerns, prompting the Treasury Department to buy back up to $6 billion worth of longer-dated Treasuries to stabilize the market. Additionally, John Williams, President of the Federal Reserve Bank of New York, has suggested that another rate hike may be appropriate by the end of the year to address these inflationary pressures.