Thanks for that rowboat. I can smell trouble on the bond market, maybe not in the next couple of weeks, but 'soon', whatever that is.
Consider recent action on stock and bond markets. No sooner do 10-yr bonds threaten the 4 percent level than the stock market falls (yesterday). In response, bond yields fall back from the 4 percent level. Thats suspicious, very suspicious.
But consistent with the desires of a central banker who works for a profligate government. On the one hand he needs bond yields to stay low. On the other he needs stocks to recover to support the illusion the economy is recovering. Can you have both a rising stock market and rising government bonds? Gee, I dont think so. Its going to be a fascinating show to watch.