Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to Follow
Brent crude broke above $94 and WTI through $87 today, both fresh highs since late July, after Trump threatened "TREMENDOUS Economic Consequences" against countries helping Iran evade sanctions. That oil breakout is dragging global bond yields higher again, US
Brent crude broke above $94 and WTI through $87 today, both fresh highs since late July, after Trump threatened "TREMENDOUS Economic Consequences" against countries helping Iran evade sanctions. That oil breakout is dragging global bond yields higher again, US 10-year toward 4.70%, 30-year toward 5.24%, clawing back much of Wednesday's Treasury-buyback-driven decline, with German, UK and Canadian yields rising too. The post Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to Follow appeared first on ActionForex.