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Daily Markets Update: Bond Yields Hit 20-Year Highs as Oil Holds Above $100 — September 25, 2026

  A bond market shockwave ripped through global equities Thursday as 10-year US Treasury yields surged to their highest level since 2007 and 30-year yields touched heights not seen since 2004. The TSX slipped for a second straight session, Brent crude held above $100 on Iran tensions, and gold fell to a two-week low — even as a reported US-Iran phased deal offered brief relief. Here's what closed and what it means for your money. 🇨🇦 Canada — TSX Index Close Change % Change S&P/TSX Composite 35,706.46 -44.97 ▼ 0.13% TSX Venture (TSXV) 913.91 — ▼ 1.17% The TSX edged lower for a second consecutive session, caught between rising global bond yields and a brief surge in oil prices. Materials and base-metals stocks weighed on the index as gold prices retreated under pressure from a surging US dollar and higher real yields. On the bright side, retailers got a lift from advance data suggesting Canadian retail sales likely rebounded in August — their strongest month since January. Shop...
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Oil Market in for Uncomfortable Few Weeks After Drone Strike

 


On January 29, 2024, a drone strike killed three US soldiers in the Middle East, escalating regional conflicts and irritating oil markets. The attack’s near-term impact on oil supply is expected to be limited, but the situation is still volatile. Prosper Trading Academy CEO Scott Bauer and Eurasia Group Middle East Practice Head Ayham Kamel warn that this is not going to be a comfortable few weeks.

The oil market is already on its heels due to weak demand. Though geopolitical tensions could move prices, the impact appears muted as risks are already priced in. Bauer sees crude oil in a bearish macro position and is enthusiastic about the current volatility for traders, suggesting investors look to sell.

In conclusion, the drone strike has created an uncomfortable situation for the oil market. While the attack’s near-term impact on oil supply is expected to be limited, the situation is still volatile and could lead to further disruptions in the future.

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