TSX Futures Decline Amid Rising Yields, Oil Before Fed Meeting

By EC Assets · Published 15 September 2026

TSX futures edged lower today as rising yields and climbing oil prices influenced investor sentiment ahead of a Federal Reserve meeting. Canada's main stock index was slightly higher on Tuesday, impacted by accelerating domestic inflation and mounting bets on a hawkish Federal Reserve. U.S. Treasury yields surged, with the 10-year Treasury yield rising to its highest level since 2007. The U.S. 10-year yield surged past 5% on Federal Reserve rate hike bets. Expectations for the Federal Reserve to hike interest rates have increased. A CNBC survey indicates the Federal Reserve will hike rates at least two times over the next year. Morgan Stanley, which previously expected the Federal Open Market Committee to leave rates unchanged, now anticipates the U.S. central bank will hike interest rates. Some economists, however, have called on the central bank to wait before raising interest rates due to concerns about the economy's underlying vulnerability. Crude prices eased, with West Texas Intermediate futures dropping 3% to $99.28 per barrel. This followed sharp gains earlier in the week attributed to escalating tensions in the Middle East. Oil and Treasury yields have moved closely together over the last seven years, which has been described as negative for markets. The Federal Reserve meeting is a significant event this week. Crypto prices, including Bitcoin and Ethereum, were sliding this morning ahead of the Federal Reserve meeting. Silver prices dropped below $64 as the Federal Reserve decision day approached. Dow, S&P 500, and Nasdaq futures retreated ahead of the meeting, amid AI safety fears. Stocks wobbled but showed no signs of panic as yields surged. This article is intended for informational purposes only. It does not constitute investment advice.