The Dow Jones Industrial Average fell over 300 points in the early session as the ebbs and flows of volatility made a reappearance with the index erasing its previous losses to post a mild gain before settling to a 20-point loss as of 1:20 p.m. ET.  Treasury yields followed the rise in U.S. equities as the benchmark yields edged higher, highlighting the confluence between the stock and bond markets that have been seen as of late.

The lockstep between stocks and bonds as of late is not something typically seen within the capital markets as both are prone to marching to the beat of their own drum. Last week’s equity sell-off was paired with rising yields as the capital outflows from both markets resulted in a sea of red across the two capital markets.

“Right now, if you look at the correlation between stocks and bond yields, it’s at the lowest to turning negative since 2014,” said Bloomberg contributor Sarah Ponczek. “That has only happened three times since 2000. Every time that did happen, it was followed by an equity market sell-off so this is something people are going to definitely be watching.”

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Treasury note yields received the brunt of the blame for last week’s stock sell-off as benchmark notes went on a weeklong ascent, pushing to new highs that caused investors to fret. Today, benchmark yields ticked lower in the early trading session before rising as stocks pared down its early losses–the 10-year note edged higher to 3.169, while the 30-year note went up to 3.34.

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Short-term maturities also ticked higher with the 2-year note going to 2.878 and the 5-year note rising to 3.032.