The stock market begins to fall as the spike in yields on U.S. Treasuries shows no signs of abating, rising by another 0.04% or so today. Meanwhile, all 100 U.S. senators are allowed to enter a SCIF and read a lengthy FBI report on Brett Kavanaugh, but it cannot be taken out or released to the public.

Bloomberg: “Bond Bears Can’t Get Their Story Straight”
MarketWatch: “3 reasons why U.S. government bond yields are soaring”
Moneyweek: “Rising US bond yields could spell the end of an era”
CNBC: “10-year yield jumps to highest in 7 years as investors bet on roaring economy, higher inflation”
CNBC: “Dow falls the most in 2 months on fears of rising rates as 10-year yield hits highest since 2011”
CNBC: “Good economic news is now bad news for stocks as rising interest rates take hold”
Atlantic: “The Republican Party Needs to Embrace Liberalism” by David Frum
Atlantic: “Donald Trump’s Real Endgame With China” (“There is no deal. The tariffs are the end point.”)
Politico: “White House targets Iran with new counterterrorism strategy”
Politico: “What Happens if a Democratic House Votes to Impeach Kavanaugh?”
NBC News: “The FBI confidential Kavanaugh report: Who’s allowed to read it and where” (All 100 senators will have an opportunity to read the approximately 1000-page document in a SCIF room.)