Treasury Yields Tick Lower Alongside Oil Prices -- Market Talk

0843 ET - Treasury yields take another step lower as hostilities remain suppressed in the Strait of Hormuz. Oil prices keep falling, with Brent down 2%. The WSJ Dollar Index is flat. The Conference Board Consumer Confidence Index for July is expected to tick higher to 92 from 91.2, according to a WSJ consensus. Markets are mostly pricing in a Fed hold tomorrow, but odds of a hike are still relatively high, at 36% on the CME's FedWatch tool. Inflation-linked swap rates indicate investors expect inflation to be below the Fed's 2% target a year from now. The 10-year yield slips to 4.631% from yesterday's 4.640% settle. The two-year declines to 4.302% from 4.318%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

July 28, 2026 08:43 ET (12:43 GMT)