Live Updates > Live Update Details
2026-09-21 18:22:10
[Falling Oil Prices Boost US Treasuries, Long-Term Yields Decline] ⑴ Overnight, long-term US Treasury yields fell by about 4 basis points, as lower oil prices triggered short covering. ⑵ The spread between 2-year and 10-year yields fluctuated between 20 and 24 basis points, currently at approximately 23 basis points. ⑶ The spread between 5-year and 30-year yields ranged between 46 and 48 basis points, currently at approximately 47 basis points. ⑷ Regarding yields across different maturities, the 2-year yield was approximately 4.72%, the 5-year yield approximately 4.82%, the 10-year yield approximately 4.96%, and the 30-year yield approximately 5.29%. ⑸ September crude oil prices were around $98 per barrel. ⑹ Reports indicate that a shortage of tankers may keep gasoline prices high, and record shipping rates in the Strait of Hormuz may offset the impact of falling crude oil prices. ⑺ Other reports suggest that despite high interest rates and Treasury yields, the global economy has shown some resilience. (8) The yen weakened after the Bank of Japan raised interest rates to their highest level since 1995, with authorities warning of possible further intervention in the foreign exchange market. (9) Stocks rose on AI optimism, while oil prices fell to an 11-day low. Markets focused on diplomatic developments between the US and Iran and Saudi export trends. (10) Pressure on the Panama Canal suggests that real shipping tensions may still be ahead. (11) Attention will be paid to the Chicago Fed National Activity Index and the US Treasury's short-term bond auction results.
