Bond market massacre, redux

At the end of the day, things got "Fugly" in the bond market (That's short for F...... ugly, in case you're wondering. Gotta' give credit for the term to a guy I've been friends with since elementary school) Long bond futures plunged another 1 5/32, using recent prices, while the 10-year note yield shot up above its 2006 peak. At 5.257%, it is now the highest in five years.

Here is a CNBC story with some comments on the topic.