This country has over $17 trillion in debt obligations, do you realize what each incremental 1% increase would mean to that debt load? It would never be allowed to happen, not just by the USA Gov't but by all the Gov'ts owning USA bonds...LOL!
It's a rigged and controlled game as no Gov't wants to see their Bond A/R's being jeopardized by run-away bond yields and dropping bond prices, especially the G8. QE eternity is more like it.
Only scared $ is selling bonds now, but the big Gov't bond holders know this game better than any fool shorty on this board.
I agree. This sharp decline in TLT is dangerous, more than any small thought of inflation. Deflation I foresee if the Fed tapers, in this fragile economy. Cash is King right now, with TLT falling in price? It may be due to this current spike in crude oil prices that TLT is falling.