Rising Energy Costs Felt in Treasuries as Yields Sync With Oil - Bloomberg

Add rising oil prices, and energy costs more broadly, to the factors driving up Treasury yields. 

The link between West Texas Intermediate crude and 10-year yields is at the highest in more than a year, as measured in the 120-day correlation. As a major input into the global economy, higher prices of the materials that keep the world’s engine spinning mean inflation is unlikely to abate, and that suggests higher nominal rates.

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September 28, 2021 at 08:10PM
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Rising Energy Costs Felt in Treasuries as Yields Sync With Oil - Bloomberg
"oil" - Google News
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