Energy Analyst Says Diesel Prices Correlate More Closely With Treasury Yields
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Diesel prices have correlated more closely with 10-year Treasury yields than crude prices since May, energy analyst Amrita Sen said, linking refined-fuel costs to inflation concerns affecting U.S. markets. The national diesel average reached a record $6.5276 per gallon on Sept. 22. It stood at $6.3895 on Oct. 1, compared with $3.7068 a year earlier. The 10-year Treasury par yield reached 5.28% on Oct. 7 before easing to 5.22% on Oct. 8 and 5.24% on Oct. 9. The benchmark is widely used to assess U.S. borrowing costs, including rates tied to loans and other financing. President Donald Trump announced Oct.
Source: TokenPost
