Elena Nikulina

Andreas Steno Larsen: Correlations between 10-year yield and oil rise in crisis

Andreas Steno Larsen: Correlations between 10-year yield and oil rise in crisis
Yield and oil futures move together

Andreas Steno Larsen shares a tick chart illustrating the relationship between the 10-year yield and nearby WTI crude oil futures, noting both assets' movements from Friday afternoon. In the context of a crisis, Steno Larsen explains that all correlations tend to reach one, suggesting markets may respond uniformly during periods of heightened uncertainty.

Steno Larsen has previously noted that most public commentary on market trends offers little value for contrarian analysis, according to an earlier review. In a recent development, U.S. oil prices dropped 15 percent to near $80 per barrel as April 2026 WTI futures declined sharply from a Sunday peak, he reported in a separate post. The author continues to track unusual moves across oil and treasury markets.

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