10-Year Treasury yield tops year-to-date high above 4.76%
10-year Treasury yields rallied at the start of the week, reaching a new year-to-date high just above 4.76% as crude oil climbed on escalating Middle East tensions. Oil-yield correlation continues to support higher rates and CVOL.
10-Year Treasury yields rallied to start the week, hitting a new year-to-date high just north of 4.76% as crude oil prices climbed amid escalating Middle East tensions.
The positive correlation between oil and yields continues to influence market dynamics, driving the CVOL index higher alongside the uptick in rates.
Traders are closely monitoring upcoming economic releases, including S&P Global PMIs, ISM manufacturing data, and Friday's nonfarm payrolls report.
Todd Colvin of Mark IV Brokerage discusses the day's price action, geopolitical drivers, and shifting volatility.