10-Year Treasury Yield Hits 4.7% as Oil Reaches $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, so higher yields mean pricier mortgages. The bond market is repricing inflation and growth risk.