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SEP 06, 2013 - Zero Hedge

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10Y Crosses 3.00%, Just 50bps Left Until The "Disorderly Rotation"

UPDATE: As opposed to CNBC's earlier premature note, the 10Y Treasury cash bond just broke above 3.00% for the first time in 26 months as China gets going...   We are assured by the great and good of the status quo that 10Y rates bursting through the 3.00% barrier (its highest in 26 months) will not hinder the housing recovery (as affordability plunges), slow equity buybacks (via increased cost of capital), or crush bank earnings (via AFS losses and NIM compression as the curve flattens). Bond yields are rising as a 'positive' sign for the economy... must be right? But ... Read More

Tags: 10Y Crosses 3.00%, Just 50bps Left Until The "Disorderly Rotation",  Interest Rates Latest News