10-year Treasury yield touches 3%

|By:, SA News Editor

For the second time in 2013, yields on the 10-year hit 3%, although some caution that thin trading may play a role in exaggerating price and yield swings.

"Round numbers like 3% are important for psychological reasons," a trader quoted by the WSJ notes.

Yields are the highest they've been since September — investors will be watching to see if buyers emerge as prices fall.

ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, TLH, ZROZ, SBND, DLBS, VGLT, UBT, TLO, LBND, TYBS, TENZ, DLBL