Multiple upside risks for US bond yields

In our post on Monday (The white trashing of the US dollar), we suggested that it may be too late and dangerous to sell the USD that is falling in the face of a rising yield advantage, tax cuts that should help boost the already solid recovery path in the USA, late in its economic cycle, and potential repatriation inflows.  There may be some reasonable explanations for the USD fall, such as speculation about QE unwind in Europe and Japan, capital inflows to EM markets, and the toxic political cl...