the bullish counter move in bonds reversed a couple weeks ago.
price down once again. and rates are up.
the 30 yr needs to surge above 3.5% to confirm the move in the shorter durations.
100 yr cycle in interest rates should top out around 2020, then down again.
i notice that the yield curve has not widened even tho rates are rising. (all rates are rising at the same pace).
remember, the curve was very narrow for 3 years in the late 90's, before it finally inverted. so a narrow curve does NOT mean it will invert quickly.