This could be the most important financial news of the entire year

From Dan Ferris in DailyWealth:

Since November 1, long-term U.S. Treasury bonds have fallen 7% in value. That's not supposed to happen. But it's happening.
Since November 1, the municipal bond market has fallen 6%. That, too, isn't supposed to happen. But it's happening.
For most of the last century, the whole world has believed the obligations of the U.S. government – and the obligations of thousands of states, cities, towns, and other municipalities in the U.S. – were the safest investments in the world. These "safe" investments aren't supposed to crash.
The reason U.S. Treasurys and municipal bonds are crashing is by far the most important financial development of 2010...
Read full article...
More on U.S. Treasurys:
It can't get any better for bonds right now...
Marc Faber: The bear market in bonds is just beginning
Interest rates soaring: Treasury yields are now higher than before Fed announced "QE2"
View the original article here