Bounce in Commodities Weighs on Treasuries

The overall trend for the CRB Index ($CRB) is down this year, but the index bounced back above 288 this month. It looks like a strong jobs report and rebound in commodities was more than Treasuries could take as the 30-Year US Treasury ($USB) fell over 4% this month. Notice that $USB is negatively correlated with $CRB.

130514crb


Click this image for a live chart.

 Previous Article Next Article