The stock market sell-off is all about the 'pain trade' in bonds

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As stocks sell-off Wall Street strategists believe all of the action is in reaction to rising treasury yields.

But as the wall of worry builds in markets amid the S&P 500's back pedal, market strategists tell Yahoo Finance the story of this choppy market all about the bond market as investors fear a

And the speed of this move has also appeared to change investor expectations around the role fixed income plays in portfolios. The quick pace of that "violent" move higher is what's shaken markets, according to Baird strategist Michael Antonelli. Bank of America's equity strategy team sees a case for the S&P 500 to still end the year at 4,600, about a 7% higher than current levels.stronger economic data could push the Fed towards another rate hike

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