Has the bond market finally turned? And if so, what is this going to mean for you and your money?

Here's the answer to the first question: It sure looks like it.

The interest rate on five-year Treasury bonds has nearly doubled to 1.9%. The rate on the 10-year has rocketed to 3.2% from 2.4%. The 30-year bond is now paying 4.4%—nearly a full...