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.