Should Bond Bears Be Worried About How Much Company They Have?

Right, so on Tuesday, equity investors were reminded that while rising 10Y yields might not spell disaster for stocks until 4% or maybe 4.5% or maybe even 5%, the rapidity with which yields rise matters and it matters a lot. Fortunately, the selloff stalled overnight, but the story here remains the same. 10Y yields are sitting near their highest levels since 2011 and perhaps more importantly, reals continue to test the dreaded Taper Tantrum highs: (BBG) One thing more than a few folks have