Key points
Rolling correlation of the U.S. 10-year yield with oil and with the S&P 500 ｜ Yield-oil correlation rose to ~0.7; yield-stocks fell to about -0.75
Image source: @Marcomadness2
2026-11-09
U.S. 10-Year Yield Turns Positively Correlated With Oil, Negatively With the S&P 500