Oil and Treasury Yields Are Suddenly Moving Together. Why That Could Spell Trouble for Stocks.

Source: International Business Times

Mario Tama/Getty Images Oil prices and Treasury yields are moving almost perfectly in tandem, creating an increasingly dangerous combination for stocks, bonds, businesses and consumers already contending with renewed inflation pressures. The one-month rolling correlation between front-month West Texas Intermediate crude oil and the benchmark 10-year Treasury yield has climbed to 0. 96, according to BMO Capital Markets data cited by CNBC.

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