I have to say that I'm feeling a little confused with some of the things I'm reading about bond yield's and treasuries. It's something I've never fully understood. I was wondering if someone here might be able to give a little primer on the implications of rising bond yields and what Rick Santelli was getting at with regards to treasuries. I find there's just so much talk about it from so many sources that it's getting a little over my pretty little head :)

Here for instance is something that Frank Barbera wrote yesterday which I'd love explained a little more clearly. I also found Chris Pulplava's column today a little confusing at times.

9. Bond Yields: Our nominee for “Biggest Loser” in the next decade, long term government bonds. Last week, yields were unable to move lower amid a stock market crash, and have subsequently spiked higher even with the US Dollar relatively stable. If that doesn’t speak to the situation that is over taking the bond market then we don’t know what will. Bonds are moving into a bear market, with the 10 Year yield just under the 200 day moving average. A move above 3.89% and things will get uglier still for these Certificates of Guaranteed Confiscation.

I wonder if I'm starting to get overwhelmed by this constant immersion in this sea of horrible economics. I liked it so much better when I just woke up in the morning, checked to see if gold was up or down and that pretty much said how my day would go.