Treasuries And Jobless Claims

If we take a look at the yield of the 10-year Treasury and put it up against non-seasonally adjust (NSA) jobless claims, you can see that there's a correlation. Yields on Treasuries tend to increase after a decrease in jobless claims and vice versa. When things are bad and jobless claims rise, so does the yield on the 10-year. Does this mean that investors are looking for allocate capital to a safe haven like Treasuries when things begin to go to hell in a handbasket? Could be.

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