Rising Oil Prices Push Treasury Yields Higher

Treasury yields moved higher as rising oil prices and expectations for fresh economic data shaped investor sentiment, according to the report.

The report said oil prices continued to rally, with Brent crude climbing above $97 a barrel after reports of attacks on tankers near Saudi Arabia and renewed U.S. warnings of possible military escalation against Iran. Higher energy prices added to concerns about inflation, contributing to the rise in government bond yields.

According to the report, government bond yields also increased across Europe and Asia. In the United Kingdom, 10-year gilt yields rose after Prime Minister Andy Burnham announced a reduction in business property taxes for hospitality venues.

Investors are now awaiting U.S. jobless claims data and the upcoming S&P Global Flash PMI report for further signals on the strength of the American economy.

Related Tweet:

Oil price surge drives global bond sell-off https://t.co/dLiUa2M5lc

— FT Energy (@ftenergy) July 23, 2026

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tippinsightsPower & Capital Desk