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It's late August on Wall Street. Volumes are light, ideas sparse and the Hamptons is packed. We think now is as good a time as any to reiterate Hedgeye's top Q3 Macro Theme. At the top of the list? You guessed it. #RatesRising. 2.91% last tick on the 10-year.

Hedgeye CEO Keith McCullough discusses this generational paradigm shift in bonds and says we aren't likely to see the 2012 lows on 10-year bond yields ever again. (Yes, "ever" is a long time.)