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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.
U.S. stocks extended their slide on Thursday as Brent crude vaulted above $100 a barrel and the 10-year Treasury yield climbed to an 18-month high, while concerns over Alphabet Inc.’s (NASDAQ: GOOGL ) rising AI capital expenditures overshadowed an otherwise strong quarterly report and added to investor unease following