► Read more at https://on.ft.com/2OBC8km<br /><br />Bond yields have risen strongly in recent weeks and are now above 3 per cent. John Authers suggests that this is because the Fed Model was always flawed - and that growing optimism about the economy is moving both stocks and bonds.<br /><br />► Subscribe to FT.com here: http://bit.ly/2GakujT<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
