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Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose

Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose

"That 3 percent level is both a target and a kind of resistance. Everybody knows it's like touching the third rail," said Cashin, UBS director of floor operations at the New York Stock Exchange. "The assumption is once they do it, all hell will break loose. So we'll wait and see."

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