I am not shorting U.S. Government Bonds but I am still short U.S. junk bonds still. We are certainly in the process of making a top, but when the top comes, I do not know.
When interest rates go higher permanently, the junk bonds are going to get destroyed by interest rates and by credit defaults because many of them are junk! (SPDR Barclays Capital High Yield Bond ETF (JNK), iShares iBoxx $ High Yid Corp Bond (ETF)(HYG))
