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Buy the rumor, sell the fact´s.
The fed has announced three hikes in 2017 an the projection for the fed funds rate is 2,99% in 2020.
All bad news for T-Bonds are well known now and any supriese short term based might be on the upside.
Usually i do not trade countertrends because i follow the trend only. If this idea might be right than US-Treasuries might see a short term recovery last for some weeks.
I follow up this change in Yields to make sure that the Stockmarkets get the expected tail wind to go further and higher. Thisfore the focus is on stockmarket support by falling yields and not the T-Bonds themselves.
I never would buy a falling knife even i need to put ---> now ---> a "long" bias here to follow this idea.