Cinco de 5% bond rates and 5% brent crude surges
Weren't rates supposed to be lower by May '26? ... I digress. Tuesday’s market opens with investors digesting Monday’s oil shock and bond selloff.
Here is what actually matters:
Brent crude surged 5.8% Monday to $114.44.
U.S. crude settled at $106.42.
The Dow fell 557 points.
The S&P 500 fell 0.4%.
The 30-year Treasury yield moved above 5%.
Barclays now expects no Fed cuts in 2026.
That is not just a market headline.
That is a development finance headline.
Higher oil pressures construction costs, transportation, insurance, consumer spending, and inflation expectations. Higher Treasury yields…
The skinny
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