Mainstream Media still refuses to explain the situation at the bond market and what a further rise of interest rates (Central Banks just follow the 2yy with their FR by the way) implies for the stability of sovereign debt and the whole debt-based Fiat Ponzi with its growing welfare state on top.

With the US2y at 4.7% we can literally watch the VIX shooting above the critical range of 18-20 and CDS as a good risk indicator exploding.

Let's see if the CBs can play fire bregade again...