Faced with a jump in real borrowing costs at a time when their profit margins are already coming under intense pressure, US firms are likely to shelve their hiring and capital spending plans, putting the US recovery in jeopardy
I thought Taper tantrum was the worry regarding above as well as Feds Rate Rise? Does it really take the Chinese to sell some bonds to have a yield spike? There should have been a yield spike the minute the market was aware of rate hike potential.