The stronger consumer confidence, the more likely the Fed will keep hiking rates for longer. Yields have the potential to march higher in the coming months.

I think investors have their eyes onto...the host of economic data for next week, which will probably be more exciting than this week's.

We're a little bearish on the market.

The Fed is going to raise rates tomorrow, so it makes sense for the two-year yield to rise to 4.75 percent or higher.

I think it's important from the policy stand point in that if the housing market is cooling down then I would argue that the Fed would probably have to do a little less.

There is talk that the unemployment rate will fall to a new cycle low of 4.6 percent.