CNBC's Rick Santelli reports on news regarding bond markets.
Breakdown
- Two-year yields rose, driven by technical factors, not Fed expectations 8s
- Ten-year yields tested 4.19%-4.20% resistance, nearing a multi-month high 18s
- Dollar index turned up after GDP data, but still near a multi-month low 44s
- Conflicting inflation reports create uncertainty for market outlook 1m 32s
- Consumer confidence metrics questioned due to media and sentiment issues 1m 44s