The U.S. Treasury bond and Treasury note futures markets have hit new contract lows in prices (rising yields) as worries about rising inflation and interest rates are gripping the world marketplace. The T-Bond and T-Note bears are in strong technical command, which suggests still more downside price pressure is coming in the near term, or longer. The big downdraft in the bond market is also suggesting the world stock markets are headed for some serious trouble, too. The beneficiaries of the big sell offs in stock and bond markets: hard assets like raw commodities. Stay tuned!–Jim
