Surge in U.S. Treasury yields and crude prices sparks economic concerns By Investing.com

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Surge in U.S. Treasury yields and crude prices sparks economic concerns

Published Sep 27, 2023 09:26

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Surge in U.S. Treasury yields and crude prices sparks economic concerns

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Tuesday brought a wave of concerns as U.S. Treasury yields and West Texas Intermediate crude prices concurrently surged, reminiscent of the pre-2001 recession conditions. This warning was issued by Bespoke Investment Group, citing a significant rise in the 10-year Treasury note yield to levels unseen since October 2007, a state they humorously referred to as 'bananas' mode.

In response to these developments, key market indices registered downturns, as noted by FactSet and Dow Jones Market Data. The Dow Jones Industrial Average experienced a decrease of 1.1%, while the S&P 500 slid by 1.5%, and the Nasdaq Composite slumped by 1.6%.

Further analysis by Bespoke of the S&P 500’s performance revealed a current yield of 4.558% on the 10-year note, adding to the growing apprehension in financial markets. These unfolding economic indicators are being closely watched by investors and analysts alike for further signs of potential threats to the economy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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S&P/ASX 200	7,194.90	+21.60	+0.30%
ASX 200 Futures	7,221.5	+36.5	+0.51%
ASX All Ordinaries	7,405.60	+20.90	+0.28%
US 500	4,603.2	+17.6	+0.38%
Dow Jones	36,247.87	+130.49	+0.36%
China A50 Futures	11,302.0	-16.0	-0.14%
Dollar Index	103.965	+0.461	+0.45%

Crude Oil WTI	71.26	+1.92	+2.77%
Natural Gas	2.552	-0.033	-1.28%
Gold	2,020.80	-25.60	-1.25%
Silver	23.290	-0.769	-3.20%
Copper	3.8340	+0.0365	+0.96%
US Sugar #11	23.41	+0.38	+1.65%
US Coffee C	177.70	+0.20	+0.11%

Australia 10Y	4.354	+0.041	+0.95%
Australia 5Y	4.016	+0.054	+1.36%
New Zealand 10Y	4.982	+0.036	+0.74%
U.S. 10Y	4.229	+0.100	+2.43%
Japan 10Y	0.767	-0.005	-0.65%
China 10Y	2.698	+0.010	+0.37%
Singapore 10Y	2.885	+0.009	+0.31%

CSL	266.92	+0.43	+0.16%
Woolworths	35.770	-0.080	-0.22%
ANZ Holdings	24.610	+0.010	+0.04%
Commonwealth Bank Australia	106.440	+0.170	+0.16%
Telstra Group	3.840	0.000	0.00%
National Australia Bank	29.200	+0.010	+0.03%
BHP Group Ltd	47.740	+0.320	+0.67%

Surge in U.S. Treasury yields and crude prices sparks economic concerns

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