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30Y Treasury Yield Bursts Above 3.00% - 6-Week Highs

30Y Treasury yields are up 40bps from the Black Monday flash-crash panic low yields, breaking back above 3.00% for the first time since the end of July.  It appears China selling (and rate locks) is trumping Element Capital's buying (for now).

 

 

At 3.02%, 30Y just broke another resistance level and is at its highest since July 23rd.

 

Charts: Bloomberg