I haven’t traded bonds (via TLT) in a while, but I’ve been watching them with interest (heh). I read this morning how all the big boys shorted the bejesus out of the bond market early this year and are seeing their positions get ripped to shreds. I think plenty more ripping is in store. The smart money, it seems, understand bonds as a safe haven for the shitstorm that’s forthcoming.
I would also note that interest rates have a beautifully bearish setup. Deflation, here we come!
