Read: Canada Housing Market, Zhou Xiaochuan (PBoC), Oil, Gary Shilling on 3% 30y-Treasury Bonds

Gary Shilling (A. Gary Shilling & Co.) on Fast Money said the 30-Y Treasury Yield will hit 3% (you'd make 15% from here, or 28% on a 30-Year Zero Coupon Bond) (CNBC Video)

Why Canada's housing market may be heading for a correction - The Globe and Mail (h/t @FLYir)

Peter Beutel (Cameron Hanover) told CNBC Monday that oil should be at $10 (CNBC Video)

J.P. Morgan cuts 3rd-quarter oil price forecast to $75 a barrel (MarketWatch) (predicts $65 by October, Nymex Crude is at $73.59)

*Top China bank official's defection rumors quashed (Zhou Xiaochuan) - (Washington Post)

*Japan Confirms Meeting With Zhou Amid Speculation He Left China (Bloomberg)

Read the articles and watch a video from Stratfor.com today (found originally by Zero Hedge). The rumor was he lost $430 Billion holding U.S. Treasury bonds and would be punished by the Chinese Government, so he fled to the U.S. It's funny because the value of Treasury bonds are testing their all time highs and Gary Shilling (see first article) thinks they are going higher. The original thought from my Twitter stream was that maybe Treasury derivatives blew up in his face, or the losses were from GSE securities.

China: Zhou Defection Rumors Refuted (Stratfor.com)

China: More on the Unconfirmed Rumors of Zhou's Defection (Stratfor.com)

*Original story: China: Rumors of the Central Bank Chief's Defection (Stratfor.com)

*Original video: Dispatch: Chinese Bank Chief's Rumored Defection to United States (Stratfor.com)

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