WTI crude settled up 2.6% Tuesday, the outlier in a broad cross-asset selloff tied to a worldwide sovereign bond rout that pushed yields higher everywhere at once. The TSX composite fell 1.34% and the Canadian dollar weakened even as oil rallied, because both are more exposed to the rate-sensitive repricing than to crude's usual currency correlation. The S&P 500, Nasdaq and gold each declined alongside the TSX, underscoring how broadly the global bond selloff overwhelmed asset-specific catalysts on the day.
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