CBA’s Chambers sees room for higher US 10-year yields even with the slide in oil prices
Higher long-end yields would also weigh on gold, which has eased below $4,000, and add pressure on richly valued tech shares already hit by the Nvidia leadership shock. According to Commonwealth Bank of Australia rates strategist Chambers, US Treasury yields have further room to rise…
In this article
In the latest oil prices update, Higher long-end yields would also weigh on gold, which has eased below $4,000, and add pressure on richly valued tech shares already hit by the Nvidia leadership shock, according to investingLive. According to Commonwealth Bank of Australia rates strategist Chambers, US Treasury yields have further room to rise, even if the latest slide in oil prices slows their advance in the coming weeks.
Key points
- While a renewed rise linked to the Iran war would reinforce the move higher.
- Oil prices have dropped markedly, which eases inflation worries and could act as a temporary brake on yields.
- The balance looks tilted toward higher yields for now.
What happened: Oil prices
While a renewed rise linked to the Iran war would reinforce the move higher, a sustained fall in crude would ease inflation worries and could cap yields. Oil prices have dropped markedly, which eases inflation worries and could act as a temporary brake on yields. The balance looks tilted toward higher yields for now.
Why traders are watching oil prices
Oil prices affect inflation, company costs and the currencies of major producers and importers. Moves in crude often spill over into the Canadian dollar, Norwegian krone and energy stocks.
Supply decisions, inventory data and geopolitical risks can move crude quickly, and higher energy prices can complicate the job of central banks fighting inflation.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-11) show EUR/USD 1.1127, GBP/USD 1.3307, AUD/USD 0.6859, NZD/USD 0.5583, USD/JPY 159.23, USD/CHF 0.8299, USD/CAD 1.4235, USD/CNY 6.6707. These are reference fixes, not live quotes.
What to watch next for oil prices
Watch for OPEC+ supply decisions, weekly inventory reports, demand signals from major economies and any geopolitical developments in producing regions.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Bernstein halves Nvidia target to $200, the 3rd broker in 2 days to step back over Huang or see all of today's top market news.
FAQ
What is the latest oil prices news?
Higher long-end yields would also weigh on gold, which has eased below $4,000, and add pressure on richly valued tech shares already hit by the Nvidia leadership shock.
What drives oil prices?
Crude prices depend on supply from OPEC+ and other producers, global demand, inventory levels and geopolitical risk in key producing regions.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
