Market Analysis

Treasury Rates Soar and Oil Prices Surge Ahead of Bank Earnings

Financial markets react to soaring treasury rates near Iran war highs, while analysts break down the implications for upcoming bank earnings and future oil prices.

Treasury rates have soared to levels not seen since the start of the Iran war, creating a key backdrop for bank earnings starting tomorrow. Additionally, Dow Jones Energy chief oil analyst Denton Cinquegrana provides insights on future oil prices and the potential for gas prices to return to June levels.

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44 minJul 13, 2026CNBC's "Fast Money"

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Rates Rise Ahead of Bank Earnings… And Oil Prices Surge 7/13/26

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Key takeaways

What to know before you press play.

01

Treasury Rates Reach Highs

Treasury rates are trading near highs not seen since the start of the Iran war, marking a significant shift in the bond market.

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02

Bank Earnings Outlook

Traders are analyzing the trend of rising rates and what it signifies for bank earnings reports beginning the following day.

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03

Oil Price Analysis

Denton Cinquegrana, chief oil analyst for Dow Jones Energy, discusses future oil prices and whether consumers can expect gas prices to fall back to June levels.

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04

Tech Stock Movements

Apple is trading at record highs while SK Hynix hits all-time lows, and SpaceX is orbiting its initial offering price.

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Ask GenPod next

Keep the question moving.

01

How do rising treasury rates impact consumer borrowing costs?

02

What factors are driving the surge in oil prices?

03

Why is Apple trading at record highs while SK Hynix hits lows?

Background reading

The context behind the episode.

Market Context

Economic Indicators

The episode highlights the interplay between treasury rates, oil prices, and corporate earnings, with specific focus on the banking sector and energy markets.

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Questions

Questions to carry into the episode.

How high are treasury rates trading?

They are trading near highs not seen since the start of the Iran war.

1
What is the significance of the rate trend for banks?

Traders are breaking down the trend to understand what it means for bank earnings starting tomorrow.

2
Can consumers expect gas prices to fall?

Denton Cinquegrana gives his take on whether consumers can expect gas prices to fall back down to their June levels.

3
How are Apple and SK Hynix performing?

Apple is trading at record highs, while SK Hynix is hitting all-time lows.

4
What is happening with SpaceX?

SpaceX is orbiting its initial offering price.

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Experts

Voices named in the source.

Denton Cinquegrana

Dow Jones Energy chief oil analyst

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Sources and disclosure

Where this guide comes from.

Fast Money Disclaimer. Hosted by Simplecast, an AdsWizz company.

  1. Publisher show notes

    Treasury rates soaring to kick off the week, trading near highs not seen since the start of the Iran war.

  2. Publisher show notes

    The traders break down the trend and what it means for bank earnings starting tomorrow.

  3. Publisher show notes

    Then, Dow Jones Energy chief oil analyst Denton Cinquegrana gives his take on future oil prices and whether consumers can expect gas prices to fall back down to their June levels.

  4. Publisher show notes

    Plus, Apple trading at record highs but SK Hynix hitting all-time lows, and SpaceX orbiting its initial offering price.

  5. Publisher show notes

    Fast Money Disclaimer

  6. Publisher show notes

    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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