US stocks and bonds rally as oil eases inflation concerns
S&P 500 rose 1.1% and Nasdaq 100 gained 1.7% as declining oil supported contained-inflation hopes after the Fed’s rate increase. The 10-year Treasury yield fell from its highest level since 2007, with gold up and Brent settling below $105 a barrel.
US stocks and bonds climbed as softer oil prices helped ease inflation worries, one day after the Federal Reserve lifted interest rates for the first time since 2023. 7%. 1%. The 10-year Treasury yield fell from its highest level since 2007, ending an eight-session streak of increases.
The dollar was little changed, while gold gained and Brent crude settled below $105 a barrel. In the UK, the Bank of England offered support to the gilt market by changing how it plans to sell bonds it accumulated on its balance sheet over the previous decade. Traders are now focused on the Bank of Japan, which is expected to raise rates on Friday amid persistent inflation risks, in what would be its closest-spaced rate increases since 1990.