... stimulates our interest to examine the relationship among oil price changes, bond prices, and interest rate /interest rate volatility, and list the Hypothesis as follows: Hypothesis 3: The interest ... that bond returns will affect oil price changes and the growth in the interest rate, and oil price changes will affect the growth of the interest rate at the 10% significant level Thus, the evidence ... that oil price changes will affect the growth of the interest rate and interest rate volatility, and bond returns will either affect the interest rate volatility or affect oil price changes The...