For the first time ever, 10-year bond yields track diesel prices more closely than crude, and Trump’s fuel deal with Putin may be too little too late

For the first time, 10-year bond yields are tracking diesel prices more closely than crude oil. This shift, driven by increased demand for diesel in the global economy, could have significant implications for inflation and consumer prices. Meanwhile, President Trump's recent fuel deal with Russian President Putin aims to stabilize energy markets, but some experts argue that it may not be enough to counterbalance the impact of rising diesel prices.