From Bloomberg - it seems like bond yields are still heading down
"What a dismal day for bond traders who were optimistic about growth. Investors who poured more than $1 billion this year into a $3.8 billion leveraged exchange-traded fund that bets against long-dated U.S. Treasuries are suffering a 4.1 percent loss today alone, Bloomberg data show. The fund is down 38 percent this year, a small window into the magnitude of pain in a market where many traders have been wagering debt prices would fall.
Treasuries have defied predictions across Wall Street for higher yields all year, and today’s move is sending bond bears into a tailspin. Yields on 10-year Treasuries fell the most since March 2009, trading below 2 percent for the first time since June 2013 as a decline in retail sales prompted traders to reduce wagers the Federal Reserve will start raising interest rates next year."
