30-Year Treasury Yield Hits Lowest Since September as Oil Falls; Fed Hike Odds Near 70%

Bonds Rally, Fed Still Leaning Hawkish

Yields fall with oil

The 30-year Treasury yield fell to its lowest level since 9 September on 2 November 2026. Falling oil prices eased inflation worries, which tends to pull long-term yields down.

But the Fed may still hike

The CME FedWatch Tool put the chance of a December rate hike at roughly 69-74%, depending on the time of day. The Fed meets on 8-9 December.

Why stock traders watch bonds

• Lower long-term yields make future profits worth more today, which usually helps growth stocks.
• A rate hike raises borrowing costs and tends to weigh on valuations.

The tension between falling oil and a hawkish Fed is one of the market's biggest open questions this month.

Educational content, not investment advice.