With Bernanke promising continued rate hikes... Why have bonds held up so far?
It appears that big money outfits, like central banks and brokerages, simply need a "parking lot" for their money...in a "good nieghborhood," during any "market unpleasantness."
But since the current "rally bout nutthin" is getting more dicey... The Ying and Yan in the Bond Market can continue...
Longer term bonds are a textbook disaster waiting to happen...
Alas, the brokers and central banks come out of their offices, and put a few dimes in the bond parking meter every so often...and thats about it for the bond market these days.
