[30Y Treasuries topping 5.29%](https://news.google.com/rss/articles/CBMiVEFVX3lxTE13eGhnV1NDQXdQandiX2xXczVEMGtRMExOdnNKblVrOURtN2swQ01zMVNYY1l4SmF1Ti04dWtBTGs1bHFXSnhRMEFPQnVTV1Q1TXc2Sg?oc=5) — the same level as 2007 — is the market's way of saying "repo rates are sticky and duration risk is real." $JPM posted in annual revenue with negative OCF of -$237.0B (liquidity drain), and that was when the Fed was still supporting the curve.

Research these companies