NEW YORK (TheStreet) --Bond yields continue to surge higher and carry the momentum of a Donald Trump victory in the presidential election. Expectations that a Trump administration will embark on stimulative economic policies, including tax cuts and increased inflation spending, has resulted in increasing yields.

"I do think that this could be very much the death of the bull bond market," BK Asset Management managing director Boris Schlossberg said on CNBC's "Power Lunch" Monday.

Schlossberg noted the 10-Year has gone up with a "vengeance" breaking above 2%. "I think the one thing that is universally clear is that rates are down, and will be heading up," he added.

However, the fundamental question regarding the future of yields remains what type of economy President-elect Donald Trump will preside over.

"Whether the Trump economy is going to be like the Reagan economy where we have growth, which means equities will perform well and yields will go up. Or, we have a Carter economy with stagflation. High yields, but not enough growth," he explained.

The latter would be significantly negative for equities, Schlossberg noted.

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