The beginning of the beginning of the bond market's long decline

March 29 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan’s warning that rising yields on government debt will drive up American borrowing costs is resonating with the world’s biggest bond traders, who say this month’s losses in the market for U.S. Treasuries are just the beginning.--

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Comment: We've been expecting this to happen for quite some time. Finally, bonds have begun their long decline. Greenspan fired the starting shot.
The implications of the bond disaster will be tremendous. Watching how one's pension fund goes up in smoke is only part of the story.