If inflation picks up, then all bets are off.
The desire for security and return of principal appears institutionalized.
If overseas buying falters today, then the bear trend will be firmly established.
Curve steepeners are the cheaper way to play long-term inflation risk.
Trying to call market tops remains a difficult task.
Supply-and-demand is the sole determining factor.
The better question may be: Can the economy handle higher rates without going into recession?
Fear of the Fed ending its stimulus program is overriding economic fundamentals.
How should we interpret what the minutes mean for interest rates?
Bank loans are definitely a candidate for bubble-like behavior as lending restrictions loosen.