Daily brief
Oil prices approach Iran-war highs as soaring tanker rates trigger a s, 10s +1bp
Thu 22 Oct 2026
Treasuries (close 2026-10-21): 2s 4.81% (+2.0bp), 10s 5.13% (+1.0bp), 30s 5.42% (+0.0bp).
Tape (close 2026-10-21): VIX 16.68, 2s10s +32bp.
Narrative: South Korean Won: Hawkish BoK hold supports gains against US Dollar, Societe Generale
What mattered:
- Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze
- U.S. 10-Year Treasury yield cracks below 5% for the first time in a month as bonds rally
- Brent crude tops $113 after Trump hints at action on Iran, U.S. orders staff to leave Saudi Arabia
- Global stocks tumble as oil price tops $112
- Brent crude crosses $112 as Hormuz attacks worsen Middle East supply fears