As investors sought safety, they snapped up Treasurys, a shift that pushed the yield on the benchmark 10-year Treasury note below 3% this week for the first time in 2011, as yields and prices move inversely. [Buying a 10-year T-bond yielding less than 3% is a sucker bet, IMHO.]
the 30-year bull market in bonds is not over yet (see: performance after end of QE1) and is still the best bond game in the universe (see: Euro, Yen, Renminbi) -- but I am not much of a bond guy...