Yields up, but Fed has this under control, or?

Yields seems to be the new hype word. Global yields have continued rising, with US leading the world, again. With regards to short term levels, we outlined 1.25% as the upper part of the trend channel in the US 10 year we have been talking about for months. The yields move has been actually rather "dramatic" recently, but one "calm" aspect of bonds that is different this time around is that bond volatility, MOVE index, has done nothing. Previous times of exploding MOVE and yields moving higher h