10Y Yields Are Back Above 3% And Oil Is Surging – What Happens Next?

10Y yields rose above 3% again overnight, so I guess Jamie Dimon is getting closer to being "right" all the time. I'm just kidding. Jamie Dimon was just spitballing and you people blew his comments out of proportion. But hey, I can't blame you. "Jamie Dimon Says 10Y Yields Are Headed To 4%" is a good headline when it comes to enticing readers. The overnight push (back) above the "magic" threshold comes ahead of a $25 billion 10Y auction and amid a further rise in crude. WTI briefly jumped ab