thanks ico - this is more a question of where do we think rates are headed...ie
Finally, the long anticipated interest rate decline is now underway and it's coinciding with abnormally low inflation numbers. Long-term rates are under downward pressure with the 30 year yield below 4.40%. This means bond prices are headed higher and unless something dramatic happens, this rebound will provide an opportunity for bond holders to lighten up, but not yet. based on this thinking...
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