CryptocurrenciesPersonally I don't believe in cryptocurrencies in that it has no official value. If governments allow legal market usage of crptocurrencies this will only happen with controlled meassures. Market controls on the usage of cryptocurrencies will depreciate the true value.
I read an article this morning published by JP Morgan on Biticon. There is a lot of discussion on the value of Biticon. It is all over the map - hard to place a value but what was interesting in the article was it is not a safe haven asset until there is a defined usability. IMO in order to gain usability the governments will want to know who owns the cryptocurrency before it is usable in a market society. Currently the gem that places personal value with cryptocurrencies is based on the block chain application. You can not identify who owns the cryptocurrency. What does that tell you being government? I'm sure alarm bells are going off amongst all government levels. This will not go on much longer before governments place restrictions and controls on cryptocurrencies.
In terms of bond yields if the interest percentage continues to increase it will hurt the US GDP in a big way. If interest rates continue to increase the Fed Reserve will need to intervene otherwise the US debt will balloon so much that it impacts the GDP.