US Treasury yields plunge, oil prices surge
- 1The benchmark 10-year US Treasury yield fell by more than 17bp to record 4.972%.
- 2West Texas Intermediate futures rose 2.39% to $99.47 per barrel.
- 3Brent crude futures rose 4% to $113.17 per barrel.
So what's the key point?
US Treasury yields dropped significantly to 4.972% while oil prices rose. Treasury yields went down and oil prices jumped to $113.17 per barrel.
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