The Rumor Mill Saved Oil. It Did Not Save the 10-Year Treasury – 5.25%

Monday was the rumor mill on full volume. The major averages finished the day broadly lower after a volatile session shaped by sharp gains and swings in crude oil, higher Treasury yields, and headline whiplash surrounding U.S.-Iran negotiations. Early in the morning session WTI crude surged more than +3%, above $95/bbl. after President Trump rejected…