Just to place that into some sort of perspective, 10 yr US Treasury Bonds have tumbled something like 25-30% in the last 6-7 weeks. Put that in DOW terms and you're looking at a drop of 2250-2700 points. ASX equivalent would be about 750-900.
Yet most people are ho-hum about the move because they don't understand bonds as they do stocks, and probably think they're a small irrelevant market anyway.
The reality is that in $ terms the bond market makes the stockmarkets of the world look like a corner store.
