Oil prices and bond yields no longer moving together

Summary

Data: Axios analysis of FactSet data; Note: Correlation over preceding 30 trading sessions between daily change in West Texas Intermediate crude and change in 10-year U.S. Treasury yield; Chart: Neil Irwin/Axios For much of this year, on any given day, you could look at the price of oil and correctly guess what happened to bond yields. In the last few weeks, that correlation has evaporated. Why it matters: It's a sign that growth risks may be supplanting inflation worries as the dominant economic concern. State of play: It's not obvious whether an energy supply shock should affect inflation…

Description from Axios.