New Week. New Weakness

The bond market continues providing a great example big movement in the "little picture."  Right out of the gate, if we examine just a slightly bigger picture, we find yields not even all the way back to the closing levels from just over 1 week ago.  The little picture is quite a bit more alarming, with the largest single-day sell-off in months on Friday, and another big sell-off to start the new week this morning.