This is a screwed up world. Everything is backwards these days. Don't yields go up with inflation fears and people sell bonds? Why are they buying bonds like mad? http://www.ft.com/cms/s/0/583aa7e2-938f-11dc-a884-0000779fd2ac.html
very observant..... the Fed. must be printing money and buying bonds to soak up supply in a process called "monetization".... it's call "staying in power".... anyone with 2 brain cells that are talking to each other aint buyin'... what would a 300 basis point rise in yield do to all the "Level 3" assets out there ????? an opinion of course and I could be wrong....
I actually started a thread on the exact same issue others are sayings its a flight to quality thing my book is im short 30 yr T-notes
with so many big banks in "Level 3" never never land..... what other choice is there for governments....