Valuation, monetary policy and tax policy are all in bull-mode. But there's a fourth factor.

Unworried about inflation, the Fed's trying to gun the economy.

Japanese government bonds take a tumble, but without monetary reflation, they may not have much further to go.

Ending option grants could be the prelude to paying out Microsoft's $46 billion hoard.

The resurgence of restructuring activity is the precursor of economic expansion.

The financial markets appear poised for a significant growth rebound, but interest rate futures are lagging behind.

The growth case is compelling, but the markets are pausing to consider the risks.

Bernanke's homage to deflation-fighting will provide only short-term comfort to battered bond bulls.

Stocks and bonds have worked together to collapse the equity risk premium.</p>

Don't fret. This bond market blow-back is overwhelmingly good news.