The 10-year US Treasury yield hit a near 20-year high, and international oil prices surged! Which asset class should be prioritized?

· The benchmark 10-year Treasury yield touched 5.04% intraday, its highest level since 2007. This news is positive for the US dollar and negative for US stocks. · Bessant stated that the rise in bond yields was due to "global issues," with rising oil prices being the primary cause; the bond buyback operation was successful. This news is bullish for the US dollar and bearish for crude oil. · British media reports that the Bank of England plans to stop selling long-term government bonds. This news is positive for the pound.

TOPONE Markets Analyst

2026-09-17 08:30:00