Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
• Oil prices and 10-year Treasury yields are moving in near lockstep, reaching their strongest correlation since 2019. • Ed Yardeni of Yardeni Research noted that rising oil prices signal higher bond yields and increased inflationary expectations. • This trend threatens growth and technology stocks because their valuations rely on earnings expected far into the future.
cnbc.com

