Global Stock Market Commentary by MarketMagnify

The one thing that hasn’t really been talked about in the last six weeks or so is how benign the bond market has been,” he said. “All this talk about how rates were going to spike higher, and [how] emerging market concerns were due to higher rates in the long end, is clearly garbage. There’s no pressure in the long end of the curve at all.

To a great extent, the US bond market will be data driven, especially by growth and unemployment numbers. The Fed won’t be watching yields, they’ll be totally focused on employment and inflation data.