Oil Breaks $100, 10-Year Treasury Yield Hits 4.70%

Brent crude topped $100 per barrel on July 23, 2026, jumping 6.28% in a single session, per Trading Economics. The oil spike pushed the 10-year Treasury yield to 4.70% — its highest in over a year — as investors priced higher inflation into bonds. The yield climbed 3 basis points (each one one-hundredth of a percentage point).