10-year UST yields over the past week. (WSJ.com)
Brace yourselves. If you thought the bursting of the tech bubble or the housing bubble was bad, the mother of all bubbles, that of the U.S. Treasury market, appears on the verge of bursting and taking whatever “green shoots” with it. Read this from a couple days ago. It’s jargon filled, but if it doesn’t scare the bejesus out of you, read it again. The situation has deteriorated since then,as noted here in today’s WSJ.
The Local Paper 