Jeff Gundlach and Bill Gross believe we could be entering a bond bear market if the 3% ten year is taken out. The bond market is reflecting this and Hedge funds have not been this short the 5 year treasuries since the taper tantrum. Everyone on seeking alpha also seems to be net short bonds. It looks to me that this could be a potential for a short term rally in guv bonds. What do you guys think? What would be the catalysts to cause a short squeeze? I remember reading a post from @Maverick74 in 2012 when he called the short squeeze in bonds and this looks very similar to me. Thanks
oversold rally. or short term government intervention in bond market.