Oil and Treasury yields stopped moving together in October. Here's why it matters
For most of 2026 the two rose and fell as a pair. In October oil kept climbing while yields fell, and BlackRock's Jeffrey Rosenberg says the market's biggest fear has changed.
Through most of 2026, oil and Treasury yields rose and fell together. According to a CNBC report published Nov. 1, Jeffrey Rosenberg, a senior portfolio manager at BlackRock, put the correlation between the two at about 80% this year, which he called far above normal. Then, he said, "in October it just stopped."
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