This bond yield breakout is a huge story: there is enormous money locked up in bonds...if that money starts coming out on a further breakout in yields, IT COULD BE A TIDAL WAVE.
Where will it go? Stocks are a good choice, and higher-yielding corporate bonds.
What would you rather own: 10-year Treasurys at 2 percent, or Ford corporates at 6.9 percent?
The Fed is committed to low yields until 2014...the market may be starting to say, you (the Fed) are not in control...the market is.
Where are you on the debate on global growth: up or down? Look at today’s headlines:
U.S.: retail sales better than expected
China: Nomura, Deutsche Bank raise GDP estimates
Bank of Japan: global economy improving
Germany: business confidence highest since mid-2010.
Today, the global growth camp is winning.
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