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Big Whale Trading
📉 US Treasuries just had their worst month in four years
The 10-year yield jumped more than half a percentage point in September to 5.3% — the sharpest move since September 2022
The 30-year is sitting at its highest level since June 2002 $BTC
Here's the part that matters: rising yields are forcing some funds, including mortgage bond holders, to sell Treasuries, which pushes yields even higher. One asset manager calls it a "vicious loop"
$ETH
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