US Treasury yields hold steady as falling oil prices offset uncertainty from Middle East conflict
- U.S. Treasury yields traded steadily as the impact of ongoing uncertainty from the Middle East conflict was offset by oil prices retreating after a sharp surge in early Thursday trading. The front-month Brent crude oil futures were last quoted at $111.86 per barrel, up from the previous trading day, but still well below the four-year high of above $126 per barrel reached during Thursday’s early session.
- Analysts at Deutsche Bank stated in a report that U.S. Treasury yields fell on Thursday, mainly because declining oil prices eased concerns about inflation. Trading was light, as European markets were closed for the May 1st holiday.
- The yield on the ten-year U.S. Treasury was virtually unchanged at 4.386%, well below the one-month high of 4.434% reached on Wednesday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can a $20 monthly Siri subscription turn Apple (AAPL.US) into a "money-printing machine"? Analyst: It may generate 24 billions in annual revenue, with smart home contributing less than 1%.
Gene Munster, managing partner at Deepwater Asset Management, stated that Apple’s (AAPL.US) newly launched smart home product is expected to contribute slightly less than 1% to revenue in fiscal year 2027.
Liberty Global Says VodafoneZiggo Tower Sale Cleared by EU Commission
Hyulim Networks buys back KRW 1.08 billion of 5th convertible bonds ahead of maturity
Crypto prices
More
