Th herd is now selling Tbills. And why not?The economy is improving right? according to consensus it must be.The FED actions are inflationary.So we have all the bad news for bonds out there. Sentiment in the stock market is now at the highest levels since 10/2007.Thus the crowd is dumping US debt in favor of more risky debt or stocks.TBT shows accumulation short interest is up.Time to go the other way ?
Only if you are on a one way street.