US 10-year yields threaten the late-August low

Treasury yields at session lows

The bond market isn’t exactly freaking out despite the pain in equities (Nasdaq -3.4%) but 10-year yields are approaching an important short-term level.

The Aug 24 low was 0.6201% and it’s at 0.6217% right now. A break could spark a larger flight to safety.

Update: Down to 0.6120%

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