Bond Market Revolt: Yields Surge and Rate Hike Odds Return

U.S. yields spike to multi-year highs, futures slide, and traders begin pricing in the possibility of another Fed hike as oil prices and global bond moves tighten financial conditions. We also break down standout retail and consumer earnings, the bull vs. bear case for the market, and what to watch in the FOMC minutes and upcoming reports from Target, TJX, ADI, and Walmart.