Below is a brief excerpt transcribed from Wednesday's edition of The Macro Show hosted by CEO Keith McCullough and Director of Research Daryl Jones.

McCullough: Global #Quad2 Is Driving Rates Higher - one.2.17

Interest rates – this is the number one thing. All I do is talk to clients about rates going higher and higher, faster and faster.

At first it happens slowly, and then all at once.

Big breakout in rates yesterday; and I think a lot of portfolio managers are going to blow up on this. This is a big one for asset allocators.

Immediate-term upside on the 10 year yield is now up to 1.33%, see how that moved so quickly?

The low end of the range is now 1.18%, oh baby. That’s a big move – huge move.

McCullough: Global #Quad2 Is Driving Rates Higher - two 2.17

At the end of the day, it’s not just in the U.S., it is a global acceleration.

Big move in Japanese government bond yields towards 9 basis points. For those of you who don’t know, Japanese Government bond yields stayed like a zombie at 0.00% forever, and now they’re not there.

Again, Global #Quad2 is driving rates higher.