The best manager of bonds in America refuses to pay full price.

In the week just passed, the market enjoyed a brisk technical sell-off, abetted perhaps by a better balance of economic data than has been the case.

Analysts at Sanford C. Bernstein & Co. warn investors that the two-decade negative correlation between equities and debt is starting to unravel.

"Because the Fed has been talking about the taper for four years, people have heard enough about it."

Fed Chair Janet Yellen was the latest policy maker to comment, calling equity valuations "somewhat rich."

Bankers being charged for with alleged violations of fair dealing, securities and municipal bond rules.

Shrinking balance sheets possibly putting the market at risk.

In 24 out of 25 of the past weeks, investors put fresh money into bond funds

After a 31-week high of $24.5 billion, equity funds failed to crack $1 billion in the week ending June 21.

In a crisis, the funds would enable a healthy transfer of risk when liquidity dries up.