Bond Bears Run Back Into Cave

The US bond market is going to blow sky high one day.
However, I am rather agnostic when it comes to timing. It is very possible another decade could pass. Look at the price action in the long bond market.

Remember all the chatter about the 10 year punching through the 3% level? I discussed it here. See below.
The market appears to be front running more QE. In anticipating of more QE, traders and investors flood into the bond market. The end of the great bond bull market will come when the market anticipates more QE and yields rise. Until I see this happen, I will sit on the sidelines. I don’t jump in front of trains to pick up pennies.