10-Year Treasury Yield Breaks Above 4.7% as Oil Spikes to $100

The 10-year Treasury yield broke above 4.7% on July 23, 2026 — its highest since January (CNBC) — after Brent crude settled at $100.69 per barrel (Washington Post). Houthi attacks on two Saudi tankers in the Red Sea triggered the oil surge (Reuters). Treasury yields track borrowing costs; higher yields mean pricier mortgages. The bond market is repricing inflation and growth risk.