Brent crude broke above $94 and WTI through $87 today, both fresh highs since late July, after Trump threatened “TREMENDOUS Economic Consequences” against countries helping Iran evade sanctions. That oil breakout is dragging global bond yields higher again, US 10-year toward 4.70%, 30-year toward 5.24%, clawing back much of Wednesday’s Treasury-buyback-driven decline, with German, UK and Canadian yields rising too.
The post Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to Follow appeared first on ActionForex.
