I believe it is mostly fear. But I have been wrong before. We will certainly loose another 1.50 or more tomorrow so maybe some don't want to hang for the certain drop in prin on x-date. Personally, after watching Ben yesterday, I don't think he said anything to cause this sell off. All he said was if and maybe. The only definitive was no change in rates until 2015 and that is not bad.g
The market doesn't always be in a rational manner. I'm more than a little confused by all of this.