DLBS - Oil Prices And Bond Prices
Over the past month, there has been an interesting parallel between the price of oil and the yield on bonds. Toward the end of December 2018, the price of oil dropped to a near-term low, closing one day at $42.53. Since then, the price has risen, reaching its latest near-term high of just under $54.00.
Right around the end of the year, the yield on the 10-year Treasury note closed at just 2.55 percent. On the same day the price of oil closed near $54.00, the yield on the 10-year note closed at a high