10-Year Treasury Yield Eases as Oil Prices Drop to $100
Stocks rebounded on Thursday following a decline in oil prices and easing bond yields after the Federal Reserve raised interest rates for the first time since 2023. Investors had anticipated a rate hike of 25 basis points, with officials now signaling potential for another increase this year. The yield on the 10-year Treasury fell by five basis points to around 4.96%, while Brent crude and West Texas Intermediate oil prices dropped below $102 per barrel and near $100 respectively. In equity markets, tech stocks saw gains with NVIDIA rising over 2% alongside Amazon and Microsoft. Bitcoin rose about 1% above $76,000, and gold remained stable at more than $4,400 an ounce.
Topics: Federal Reserve rates oil prices stock market rebound Treasury yields