I wonder if the bond market would ever 'choke' on buy orders. Volatility (VIX) is doing very unusual things in fact it's suspect of the precursor of something quite abnormal.
Thursday am Yellen makes the announcement that possibly QE has been put to bed and that rates will rise sometime next year. Markets seem to be looking forward to this event as shown by tonights European trading and bond yields..
However there is much pent up uncertainty that with QE winding up, it could start something sharp and big. Things to watch will be bonds, US equity markets, the USD, gold and the EZ all until Friday night's trading.
If bonds yields get crunched it will be carnage with the possible exception of here at home.
You have to love it when key financial decisions are made on impulse, don't you.
