Oil Pushes the 30-Year Treasury Yield to Its Highest Level Since 2004
Oil just pushed the 30-year Treasury yield to its highest level since 2004. Then reports of U.S.-Iran talks on reopening the Strait of Hormuz knocked Brent $3 lower in minutes. Here's why the bond market is treating oil as an inflation problem, not a growth problem, and why next week's inflation data and jobs report could decide where yields go next.
Oil Falls Below $100 Despite Attacks on Saudi Arabia: Why Barrels Beat Headlines
Weekend attacks on Saudi Arabia should have sent oil soaring. Instead, WTI slipped below $100 as Saudi exports rebounded and U.S.–Iran diplomacy came into view. Here's why the market trusted the barrels over the headlines, and the one price level that decides what happens next.