The impending Euro collapse is driving US Long bonds rates even lower. The yield for the 30 yr T-bond is down to 4.22 as of today.
PS- I was laughed at by Toro when I bought in Feb at 4.75. The fund has a duration of 20...do the math baby!!
One wonders how much of your happy investing has to do with CHINA migrating its US debt portfolio out of short term T-bills and into longer term bonds.
I'm informed they moved something like $1 Trillion into longer term bonds in the last few months.