Brent Oil Tops $100, Pushing 10-Year Treasury Yield to 4.70% — Highest in Over a Year

Brent crude surged above $100 per barrel on July 23, 2026, up 6.28% in one session, per Trading Economics. The 10-year Treasury yield rose to 4.70% — its highest level in over a year — as the oil spike fed inflation expectations into bond markets. A basis point is one-hundredth of a percentage point; the yield rose 3 of them.