Longer-Term Treasuries' Yields Turn Sharply North

This is an intra-day chart comparing 5-year Treasury yield (^FVX), 10-year (^TNX), and 30-year (^TYX).

Standard & Poor downgraded the outlook on the United Kingdom from "stable" to "negative", and is threatening to downgrade UK 's credit rating (currently, surprisingly still AAA). Fear of "Will the US be next" is probably weighing on the stock market and the bond market (yes it is, says PIMCO's Bill Gross). Japan's credit rating is already cut from AAA.

Dow Jones Industrial is currently down 190, over 2%.

Things seems to be getting unhinged, again. (Mercury Retrograde in full force.)