Abstract
The American ten-year bond market, which is of great importance for financial markets, is a leading indicator for asset prices and other macroeconomic indicators. In the study, the cointegration causality relationship between the weekly data of 2021:01-2022:02 and the US ten-year bond interest rates and crude oil prices was examined. As a result of Johansen cointegration and Granger causality tests, it was concluded that there is a long-term relationship between the American ten-year bond interest rates and crude oil prices in the analyzed period, and that the long-term deviations are short-term due to the negative vector error correction coefficient. In addition, as a result of the Granger causality test, it was determined that there is causality from the American ten-year bond interest rates to the crude oil prices. The conclusion that the US ten-year bond interest rates dominate the markets has been confirmed.
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