Is the bond market is sniffing out trouble? ...Middle East

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Bonds are suddenly hot.After months where Treasuries couldn't get a bid at auction, we've suddenly had back-to-back strong auctions of 10s and 30s. And not just strong but stops-through of 1.5 bps and 2.0 bps, respectively.With that, 30-year yields are at the lowest since April 1 and 10s down to 4.22% from a high of 4.73% just six weeks ago.Why?Clearly someone believes in a turn in inflation but as we get closer to 4%, it looks more like a growth scare. Today's initial jobless claims report was the highest in 10 months.Unfortunately, I don't think that's the whole story. There is some real drama unfolding in the French election with parties imploding and infighting following the surprise ann

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