10-Year Treasury Yield Slips to 4.93% as Trump-Xi Meeting Nears

The 10-year Treasury yield fell to 4.93% on Tuesday, pulling back after breaching the 5% threshold last week, as markets braced for a capstone meeting between President Trump and Chinese President Xi Jinping expected in Washington on Thursday.

Stocks were little changed as Trump kicked off a week of diplomacy with an address to the United Nations General Assembly, according to Yahoo Finance's Ines Ferre.

Why are oil prices falling?

Oil prices continued to fall amid reports that Iran is willing to reopen the Strait of Hormuz if the US ends its blockade and eases its military pressure. Lower crude prices alleviated investor worries about persistent inflation.

The pullback in energy costs and the retreat in the 10-year yield together suggest bond and commodity markets are pricing reduced inflation pressure heading into Thursday's summit.

Where are tech and crypto trading?

Tech stocks (XLK) edged higher after a blistering one-day rally that sent AMD (AMD) surging to a $1 trillion valuation. Shares of iPhone maker Apple (AAPL) rose more than 1%.

Meta (META) extended Monday's gains amid enthusiasm for the company's new AI agent Muse.

Bitcoin (BTC-USD) held above $85,000 per token. Ether (ETH-USD) hovered near its highest level since January. Renewed interest in digital assets led one analyst to declare the "crypto winter" over.

Which stocks are readers watching?

Yahoo Finance readers are viewing On Holdings (ONON), BlackBerry (BB), and GameStop (GME) this morning, per the report based on a heat map powered by Yahoo Finance AlphaSpace data.

With the yield back below 5% and crude under pressure, Thursday's Trump-Xi meeting now stands as the main event capable of resetting the week's risk appetite.