BlackRock: The 80% correlation between oil prices and US Treasury yields this year broke down in October, with AI risk having overtaken geopolitical risk.

Zhito Finance APP has learned that oil prices have risen over the past month, but in a divergence from the 80% correlation that had persisted throughout the earlier part of this year, U.S. Treasury yields have moved lower over the same period. What has changed? Jeffrey Rosenberg, senior portfolio manager of the Systematic Alternatives ETF at BlackRock, the world's largest asset manager, recently said it was the decline in leading AI stocksthe Magnificent Seven.