Major U.S. Stock Indexes Rise; Bond Yields, Oil Prices Still in Spotlight -- WSJ

By Rebecca Feng and Hannah Erin Lang

Bond yields and oil prices are still in the spotlight on Wall Street.

Treasury yields retreated early this morning, but started climbing again after a Fed official suggested that a rate hike at the central bank's meeting later this month isn't a sure thing. Renewed hostilities between the U.S. and Iran are nudging oil prices higher, adding to inflation fears. Those concerns about rising prices have contributed to a global bond-market rout in recent days.

Overnight, the 10-year yield hit its highest level since November 2023.

Soaring bond yields threaten to raise financing costs for governments, consumers and businesses--and not just in the U.S. In developed nations that don't enjoy the AI-fueled growth powering the American economy, worries about hot inflation and heavy fiscal loads are hitting even harder.

--Japanese 10-year bond yields hit their highest level in 30 years.

--In Germany, the 10-year yield is on pace for its highest settle in 15 years. French borrowing costs are also climbing.

The recent surge in oil prices isn't helping: With the U.S. and Iran back to trading strikes, Brent crude futures are now trading some $20 a barrel above their prewar price.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

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September 02, 2026 14:44 ET (18:44 GMT)