Crude Oil Prices Fuel Market Volatility Amid Rising Bond Yields
The S&P 500 Index is down by -0.03% today, while the Nasdaq 100 Index is up +0.20%, its highest level in a week.
Crude oil prices have risen more than +1%, contributing to higher bond yields and weighing on the broader market.
The increase in crude oil prices has boosted inflation expectations, pushing the 10-year T-note yield up +5 bp to 4.99%.