The last 48 hours have been very telling. After US CPI inflation rose to 3.7% on Wednesday, the 10Y Note Yield surged to 5.33%. ~24 hours later, it was -30 basis points lower as the S&P 500 and technology stocks sold off. Today, yields are back on the rise as equity markets recover. The ONLY thing that has materially pushed yields lower over the last 2 months has been a downturn in stocks. Will the Trump Administration soon be forced to pick between the equity and bond market?