U.S. Treasury 30 year Bond Rate is Robust over the Resistance Line, 3.0% at last !

As I posted earlier, the resistance point, 3.0%, for a U.S. treasury bond 30 year, yesterday despite not so good retail sales data even lower than market expectation, albeit I think the data was some what good.

Ahead of FOMC meeting, almost participants focus on whether hike rate or delay it.
But, long-end yield would not be affected by the timing of rate hike. We continue to be cautious on long-end bond yields until end of this year...

German Bund rate was up as well, despite somewhat sluggish ZEW data.

Growth data or sentiment does not seem important for long-end bond yields...
More important factors would be inflationary pressure, or diminishing deflation worries, and a lack of demand...