Rising rates there drives up the yields and the dollar in the toilet, mortgages soar, joesixpac gets it in the shorts.

Bond yields rise, it is time to look at bonds period.

Watch Geitner, not Bernanke. As long as unemployment rates remain high, short rates will remain low, high inventory keeps prices low.

Tonight Asia Bloomberg gets introspective about Asia's ability to keep profits at an S and P equivalent to 22--US is 17, but the newsies are calling the United States the biggest Ponzi scheme--that certainly doesn't help the Zimbabwe US dollar to crap on the currency and policy in open and notorious fashion.

Stay tuned.