The "official" reason for bonds tanking today is...."job growth!" LOL!
But the real reason is high commodity costs and the weak fundamentals for the dollar... Of course you'll never hear that in the MSM financial press...
And at 4.75 % the 10 year bond is closing in on the magic number of 5%...which could send stocks down for a decade of two...1970s REDUX...
Clearly the markets are starting to become concerned about the macroeconomic situation inside the US...and perhaps what a Democratic sweep in November would "mean." Or worse yet what more of the same would mean!
Clearly, the 800 pound bond chickens are coming home to roost!
