Oil prices edged down in early trade but were not far from their highest since late 2014. The last time yields neared this number in 2013 it rocked risk appetite and sent stocks sliding. It also came shortly before oil prices went on a mighty 75 percent tumble. “Another US$5/barrel increase in oil will be enough for U.S. 10-year yields to threaten 3 percent. Traditionally the dollar had a slight negative correlation with oil, mostly because the dominant causation goes from dollar weakness to rising oil prices, he added.

Source: thestar April 23, 2018 09:00 UTC