Bond Yields Reach Highest Level in 6 Months; Strategist Urges Caution

Bonds yields hit their highest level in six months on Tuesday. The 10-year Treasury yields 2.29%. At the same time stocks are falling, with all three major averages trading lower. What's driving the selloff in both the bond and equity markets? TheStreet's Scott Gamm speaks with Ian Winer, head of equity trading at Los Angeles-based Wedbush Securities. 'Investors need to continue to be very, very careful as far as what they own. A lot of retail driven names, like Twitter (TWTR), LinkedIn (LNKD) and Whole Foods (WFM) have gotten decimated when they've had bad quarters. People need to scrub their portfolios.'