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Oil gains over $2 on attacks on Saudi energy sites, Strait of Hormuz d, 10s +10bp

Thu 12 Nov 2026

Treasuries (close 2026-11-10): 2s 4.73% (+17.0bp), 10s 4.98% (+10.0bp), 30s 5.35% (+9.0bp).

Tape (close 2026-11-10): VIX 17.49, 2s10s +25bp.

Narrative: Daly Says More Fed Rates Hikes Likely Needed

What mattered:

  • Oil gains over $2 on attacks on Saudi energy sites, Strait of Hormuz disruptions
  • Daly Says More Fed Rates Hikes Likely Needed
  • Fed’s Daly says more rate hikes likely needed to fight inflation
  • Fed’s Daly warns AI is fueling inflation, sees more rate hikes ahead
  • Fed’s Daly Says More Rate Hikes Needed to Cool Inflation
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