The rush for the bond market exit is accelerating and the US dollar is looking good.

Thirty-year US treasury yields have climbed above 3% level last seen at the beginning of the year.

Yes, the bond vigilantes are stirring. Expectations of higher inflation and aggressive fiscal easing by President-elect Donald Trump

is not good news for investors who piled into Bonds this year, paying ultra-low coupons.

UK, Eurozone bond yields are also rising sharply, lead by inflation and growth-sensitive long-dated paper.

Beyond the yield curve steepen trend, the other big thing we've seen that causes dollar strength - the euro and yen are sliding, good news for the respect to central banks.

Japan and Eurozone equities are also smiling as S&P feature indicates a run at record territory for the Wall Street benchmark.

Not so happy, emerging markets - Iran rial and Turkish lira are leading further weakened in currencies.

Mexico's Peso has weakened back to 21 to the dollar.

The question for investors is whether the rotation that we've seen between bonds, yen, the dollars and equities has a lot further room to run.