Chart of the Week: 10 Year Treasury Rates are ‘Backing Up'

`` Yields have increased by more than 25% from 1.63% on May 1st to 2.12% on May 30th. This quick sell-off hurts investors most at funds holding long-term debt, which is sensitive to surging interest rates. ... Michael Craig, Portfolio Manager at Sprott Asset Management had this advice, "We are entering a generational bear market for bonds. Investors should reduce allocations to index bond funds. Clients should consider adding positions to ‘go anywhere' bond funds that have the flexibility to increase their cash levels and potentially short bonds where appropriate." ''