Violent bond moves signal tectonic shifts in global markets

``A wave of turmoil is sweeping through sovereign bond markets, setting off the most dramatic gyrations seen in recent years and threatening to spill over into over-heated equity markets. ... "It is absolute pandemonium in the fixed income markets," said Andrew Roberts, head of European credit at RBS. "Everybody has been trying to get out of long-duration positions at the same time but the door is getting smaller."''