Bonds Are Screaming "Something's Wrong"

Bonds Are Screaming "Something's Wrong" Submitted by QTR's Fringe Finance Bond yields are doing exactly what I warned about yesterday: forcing reality back into a market that had become increasingly detached from it. Heading into Friday’s cash open, U.S. equity futures are under pressure, with S&P 500 futures down roughly 1% and Nasdaq futures off even more sharply as global bond markets sold off overnight. CNBC reported that by Friday morning in London, the U.S. 10-year Treasury yield had climbed nearly 9 basis points to 4.544%, marking its highest level in almost a year. The...