Don't be shocked if the long rate does not rise significantly before early 2016...maybe even later if the black crybaby doesn't get his way. If a rip snortin' currency war breaks out as Geithner has so skillfully instigated or middle east fireworks begin in earnest or the EU really does crater then rates may well go lower yet.
Everybody is short treasuries, everybody is anticipating rising rates in some form.
Everybody except our beloved president.
Have ya heard him say so much as a word about rates?
We MAY get our rate spike but I wouldn't bank on it.
After the boomers are gone unemployment will fall, wages will explode, consumption will catch on fire, and inflation will return with a vengence.....at that point rates should take off.
We may have a bit of a wait.