Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.

There has been a lot of selling pressure on the bond markets recently. The Treasuries market is still in a pretty weak condition.

For the last two days [Treasury prices] have slowly been grinding higher and that was basically erased this morning in about 15 minutes after the durable goods data.

Since it's broken through that, that sets a negative tone for the market.

The stock market is not making it any easier for Treasuries to fall.

While some of the retailers have been under a lot of pressure, Kohl has really held its own, because it is a growth retailer.