Yesterday's Move in the Bond Market Should Definitely Raise at Least SOME Concerns for All Investors

The big rise in yields was not news related. Some bond investors are getting caught way offsides

• The big move in the bond market yesterday was not caused by any significant “new-news.”  So, it looked like some fixed income investors got caught offsides (and some leverage was unwound)…..The move in the bond market has been big enough…and has been going on long enough…to raise questions about whether those yields will roll back over as we move through the rest of the year.  This would have some important implications for both fixed income and equity investors.