'Could be' +150 by the end of the day...
if these morning levels hold.
That would make JNK the bond asset of choice, continuing the movement along path 'a' towards both higher growth and higher inflation.
XIV has a spotty record when JNK is the asset of choice, unlike LQD which it loves.
Once in JNK land, IEF (winter bond) automatically becomes unreachable as the next bond asset of choice meaning that either JNK slides along path 'b' back towards LQD, or along path 'g' towards TIP.
Fitting that with actually summer temps being record warm in many parts of the country, that the market should be heating up to.
