We’ve been talking about a 3% yield on the 10-year Treasury as a line in the sand. It may well be. The important technical number is 3.07%. A break higher and 4% is not out of the question. Inflation is picking up, the Fed remains on the rate hike path and higher rates are causing the equity markets some indigestion. And well it should… all assets are priced off of the risk-free rate.
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