it is no secret that bond prices and stocks are inversely correlated, or at least have been in normal times, but all that changed this year as Treasury prices have largely failed to reflect the slump in stocks, as MarketWatch notes.
“What is safe to say is that there is something driving equities lower, which is not impacting rates. Or there is something keeping long rates high, which is not impacting equities,” Slok wrote in a Wednesday note.
https://www.zerohedge.com/news/2018-12-27/something-wrong-deutsche-bank-spots-odd-market-divergence
