Why the bond market is freaking out Wall Street – CNNMoney

This post was originally published on this site

Dow plunges 1,000 points and sinks into correction

1. Blame the bonds: The normally boring bond market is causing serious drama on Wall Street.

An avalanche of selling sent the Dow and S&P 500 careening 5% lower last week, one of the stock market’s worst weeks since the 2008 financial crisis.