Oil and rates reconvergence raises derivatives risk: TraditionData

1st October, 2026

Zak Jakubowski

Derivatives trading desks are facing a renewed correlation between oil and rates markets after Brent crude and US Treasury yields moved sharply higher together in September following nearly three years of divergence, according to TraditionData.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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