Government-bond yields are heading higher around the world, a move typically linked to rising expectations of economic growth and inflation.  When interest yields rise, bond prices decline.  Some market forecasters worry the recent run-up of yields is just the latest in a series of false starts.  In three of the last four years, bond yields jumped sharply only to drop later as economic and geopolitical concerns took over investor minds.

There is a strong felling of déjà vu in markets right now.  But, every pattern has an end and the U.S. economy, in 2016, may provide the springboard for real economic growth and higher yields stretching far into the future.