10 year yields above 2%,... gee wiz .. GDP comes in weaker, how convenient, ..if participants sense the impending growth, the yields on the 10 year could spike very fast. the tear in equities up, is putting pressure on 10 year yields to rise, means equities will have to correct to take pressure off yields. if yields spike in TYs, will be much harder for government to finance future debt at higher yields.
Reality was someone's algo ringing the cash register and raking in the money from those who actually had a stake. That happened pretty fast.
they are already paying 0.5% more then before QE3. like i said before, they are in a pickle not to mention a currency war.
another financial crisis will be needed, to keep US borrowing costs low. Chaos war disorder in the world, wealth destruction through wars..