Long Rates Spike as Confidence Keeps Sliding – Dollar Rallies While Crude and Heating Oil Correct PREVIEW by davefairtex Long rates jumped 16 bp as U.S. confidence kept sliding. The dollar rallied four days out of five while crude and heating oil sold off hard. Treasuries, currencies, metals, and risk assets all reacted. Long Rates Spike as Confidence Keeps Sliding – Dollar Rallies While Crude and Heating Oil Correct PREVIEW by davefairtex Long rates jumped 16 bp as U.S. confidence kept sliding. The dollar rallied four days out of five while crude and heating oil sold off hard. Treasuries, currencies, metals, and risk assets all reacted.