The Ten year is causing all this bs! 3.12% whoopdeedoo!

So am I correct that most of the sell off that is occurring the last 2 days is due to the TNX rising above 3%?

I think Cramer said something about it last night. He said something like “valuations don't matter right now, it's a macro move based on the 10 year” he said all this selling is basically related to the 10 year rising.

So what makes buying a 10 yr. Treasury at 3.12% attractive?

Let's say I buy a note at 3.12%. Does that mean that that rate is locked in forever for me?

So you're getting a note for 3.12%, let's say. So that's a REAL rate of -5 to 6%?

What the point of a negative 5% return?

Why would institutions be flocking to treasuries above 3%? Sure it's “risk free” I guess, but aren't you still losing money to inflation?

Man this sh!t is complicated! Think I'll go drink an IPA!