Why Major Stock Markets Seems Calm In the Face Of US Ten Years Treasuries breaking above at the significant 3 % level!

U.S. bond yields broke above the significant 3%  and above the 30 years downtrend channel ,  the highest in seven years,   oil is up to $80 a barrel and USD  dollar rallying  causing emerging markets to post the most significant correction in recent memory and major stock  market looks unfazed: .   What are the  possible reasons ?  The much anticpated 3 percent Treasury yield was already priced in, expectation of US. tax cuts boosting earnings and share buybacks, , a sense a , and a belief that the turmoil in the emerging world is isolated to highly leverage countries.

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