This is particularly worrisome given the mortgage reset schedule that has just begun, unwinding fiscal stimulus, and the deflationary spiral just kicking off in the euro zone.

FORBES: Ten Reasons To Buy Bonds

Now things truly spiral out of control and into the Twilight Zone.

FORBES: Retailer Lowe's Nailed In USERRA Case And Hammered by Feds for Firing Iraq Veteran

Their ten-year yields have jumped beyond 7% and, once euro-zone yields reach these levels, they tend to spiral out of control.

ECONOMIST: Italy��s economy