Bond Yields Soar!

There is high concern for expectations of improved economic growth as well as Obama's plan to extend the Bush era tax cuts. The Bush era tax cuts has the potential to intensify the start inflation and budget deficit.

he benchmark 10-year Treasury note, which bottomed at 2.39% in early October, jumped to 3.23% on Wednesday from 3.16% on Tuesday. The 30-year Treasury bond rose to 4.44% from 4.42%.