Bonds Spooked as 30% CRB Surge Points to Inflation
Something has clearly spooked the bond market over the last five months. Looking at the CRB Index, that something appears to be inflationary pressures. The CRB Index bottomed in early July and advanced over 30% the last seven months. Bonds peaked two months after the CRB Index bottomed and declined some 13% the last five months.

Click this image for a live chart