Treasury yields edge lower as Brent crude falls below $99

Yields on U.S. Treasurys fell across the curve early Wednesday, as oil prices extended recent declines. As of 3 a.m. ET, the yield on the benchmark 10-year Treasury was 2 basis points lower at 4.947%. The 2-year Treasury yield fell 2 basis points to 4.758%, while the 30-year Treasury yield was 2 basis points lower at 5.287%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Yields moved lower in tandem with oil prices, which were on track for their sixth consecutive day of losses on Wednesday. Brent crude oil futures for November delivery were last seen 0.8% lower at $98.49 a barrel, with the six-day pullback marking the longest losing streak since Aug. 2025. The contracts have fallen by around 9.