Treasuries and Commodities Moving Higher
The CRB Index ($CRB) and the 10-year Treasury Note ($UST) usually move in opposite directions. However, as the John Murphy's Intermarket PerfChart shows, this has not been the case the last six days. Even though the CRB Index is up over 2% since 17-Feb, the 10-year Treasury Note is up around a half percent. Some needs to give here because rising commodity prices could spark inflationary fears, which would be bearish for treasuries.
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