Yields Press 4.80% as Energy Outperforms: Trading the XOM Setup

Global risk assets are contending with a sharp crosscurrent of rising bond yields and escalating geopolitical friction in the Middle East [1][2]. U.S. 10-year Treasury yields pushing past 4.80% alongside climbing crude benchmarks have reignited inflation jitters, pressuring equity indices and triggering broader risk-off flows [3][4][2]. Headline U.S. equity benchmarks like the S&P 500 and Dow have slipped on the session, accompanied by a softer ADP employment print of 38K versus expectations of 51K [5][6]. The macro backdrop remains split between resilient corporate earnings narratives in big tech and headwinds from monetary policy uncertainty [7][8]. While…