The yield on the U.S. 30-year Treasury just rose above 3%. The 10-year yield should follow shortly. Without a change of Fed policy, 30 year yields should jump to 3.5% quickly, and once above should make a beeline for 4.5%. The 10-year should not be far behind at 4.0%.

The yield on the U.S. 30-year Treasury just rose above 3%. The 10-year yield should follow shortly. Without a change of Fed policy, 30 year yields should jump to 3.5% quickly, and once above should make a beeline for 4.5%. The 10-year should not be far behind at 4.0%.

— Peter Schiff (@PeterSchiff) February 1, 2018