From Newsmax:
Economist Edward Yardeni says the rise in bond yields and mortgage rates threatens to stall any economic rebound.
The founder of Yardeni Investments coined the term 'bond vigilantes' in 1983 to describe bond investors who dump their holdings when huge budget deficits threaten to spark inflation.
"Bond vigilantes may have more power right now than they've ever had," Yardeni tells Bloomberg Television.
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More on the dangerous situation in bonds:
Warren Buffett warns of massive investment bubble to pop
Bond King Bill Gross says get ready for soaring bond yields
Inflation warning: U.S. Treasury bonds suffer another big selloff
Marc Faber: "Gov't bond market is a disaster waiting to happen"