Rising Bond Yields

The stock market is rising, and so are bond yields.  The 30 year Treasuries are now at 3.33% yield--a rate not seen in some time.  Partly this is because the economy seems to be recovering a bit, and perhaps movers and shakers in the bond markets are concerned that the "quantatitive easing" is going to finally turn into price inflation on a big scale, as money velocity increases.  Either way, it probably means an Obama victory in November, since most Americans seem to love him so much.  Of course, here in my part of Idaho, the Obama 2012 bumper stickers clearly outnumber those for Republican candidates.

UPDATE: I see that 30 year Treasuries actually yielded 3.48% on March 19.