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Why Treasury yields are ripping higher
Data: FactSet; Chart: Axios/Matt Phillips Treasury yields are soaring, with the 30-year Treasury bond climbing to its highest level since 2004 Thursday. The selloff in bonds started to accelerate Wednesday after a sizzling early report on the economy in September. The big picture: For the bond market, these moves have been big. Bigly even. On Thursday morning, the 30-year yield rose as high as 5.44%. The yield on…