Rising bond market tensions bode ill for Obama

Bond market tensions have been rising since the inauguration of President Barack Obama, highlighting worries about the new administration's plans for massive debt issuance and a tough stand on trade with China.

An unusual jump in bond yields could mean the US government will be forced to pay higher rates on the trillions of dollars in new bonds to finance economic rescue efforts, or worse, lead to a loss of confidence in the Treasury market, say analysts.