10-year Treasury yield eases to 4.96% as oil drops to $100
The 10-year Treasury yield (^TNX) fell by 5 basis points on Thursday to hover near 4.96%, following a Federal Reserve rate hike that marked its first increase since 2023. Investors had anticipated the central bank would raise interest rates by 25 basis points on Wednesday, with officials now projecting a second hike later this year.
The 10-year Treasury yield (^TNX) fell by 5 basis points on Thursday to hover near 4.96%, following a Federal Reserve rate hike that marked its first increase since 2023. Investors had anticipated the central bank would raise interest rates by 25 basis points on Wednesday, with officials now projecting a second hike later this year.
Oil prices declined alongside the easing bond yields. Brent crude futures (BZ=F) dropped to $102 per barrel, while West Texas Intermediate (CL=F) traded near $100. The movement in commodities and fixed income helped drive a broader stock market rebound on Thursday.
Tech stocks (XLK) led the gains, with chipmaker Nvidia (NVDA) rising more than 2%. E-commerce company Amazon (AMZN) and software firm Microsoft (MSFT) also rallied during the session. Digital assets showed modest strength, with Bitcoin (BTC-USD) gaining roughly 1% to hold above $76,000. Gold futures (GC=F) remained steady above $4,400.
Market attention also turned to Nebius (NBIS), Arm Holdings (ARM), and CoreWeave (CRWV), which appeared among the most-viewed stocks for Yahoo Finance readers in the early trading hours.
Filed by the newsroom of MarketPR on October 8, 2026. Source: finance.yahoo.com. Indicative figures are not investment advice.