US Rates Are Spiking To Their Highest Levels Since August, 2011

We mentioned this in our initial market wrap, but it’s important enough that it’s worth breaking out: The yield on the US 10-year bond is shooting up again.

On Friday it cracked 2.5%, and this morning it’s cracking 2.59%. That’s the highest level since August, 2011.

From Bloomberg:

BloombergMeanwhile, this comes as China is crashing, and markets are generally down

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