Treasury sell-off gathers steam, 10-year yield heads to 3%

|By:, SA News Editor

Treasurys continue to sell-off as yields on the 10-year move ever closer to 3%. Yields are up 8 bps to 2.98%, a fresh two-year high. TLT -1.1%

The sell-off is more pronounced in the middle part of the curve where 5-year yields are up 10 bps to 1.84%.

Perhaps helping to push yields higher is the four-week moving average for new jobless claims which, with today's data, is sitting at its lowest level since October of 2007.

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