Why pick up a shit yield here and in the process have your dollars devalued. Better off moving to China or even better, Europe.
Bond traders have moved significantly towards the rate hike case. I have no dog in the fight in terms of money (yet), but inflation is really about to ignite in secondary ways. We've only felt the direct impacts so far. Knock on effects, here we come. Bernanke created the bed he now lay in, by going two or three cuts too far.
because other asset classes are going up. why buy bonds now when they'll pay better 6 months from now?
No they won't, unless economic conditions get significantly worse AND inflation calms down. its ramping up globally big time now. FED isn't cutting any time soon.
If no oil selloff this fall, forget about any rate cuts. Best you can hope for is an inflationary pause in rates.