Energy ETFs to watch as bond market carnage shows signs of cooling
FROM THE WIRE · FINANCE.YAHOO.COM
The global bond market selloff has intensified dramatically over the past week, with the 10-year U.S. Treasury yield surging to 5.34%, its highest level since 2002, while the 30-year Treasury yield has climbed above 5.1%. This carnage sent shockwaves through rate-sensitive…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishEnergy sector rally amid bond selloff reflects sector resilience and support from oil prices above $100.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01U.S. 10-year Treasury yield surged to 5.34%, highest since 2002, while 30-year climbed above 5.1%.
- 02Energy sector emerged as notable outlier, with XLE up 1.1% as broader markets stumbled.
- 03Brent crude held above $100 on supply disruption fears.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Exxon Mobil Corporation164.16 USD-0.35%today -0.20%Positive Chevron Corporation205.74 USD-0.32%today -0.89%Positive State Street Energy Select Sector SPDR ETF63.38 USD-0.33%today -0.57%Positive Crude Oil WTI89.81 USD-0.16%today +0.41%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets