mho for the bond theres no reason to sell, theres no inflation, pog is reflecting exactly that.
growth is subdued, incomes are not rising.
deficits are trillions but the fed has averted economic collapse so theres no reason to sell stocks or bonds...opportunities in energy sector (for varied reasons) with deadlock in tax increases and deficit reductions, its not so bad out there (jmho)
one guy last week fast money said buy the tlt,,,at 116
with no catalyst for economic growth and walmart comments the long bond might zoom again.
in price, yields cannot rise.