“I’ve given many big-picture reasons: debt and deficits, foreign dumping of bonds, and domestic selling of bond funds and ETFs. Another key reason that’s increasingly coming into focus is this: The economy is on the mend. This does not mean our longer-term economic problems have all gone away. But as I have stressed, it does mean crisis-era interest rates and QE policy have absolutely, positively no justification whatsoever. So if there is any surprise that could rock the bond market in 2014, it’s that the economy is even better than Wall Street expects. That would validate my forecast that the tapering of QE will happen earlier than expected, and so will short-term interest-rate hikes.”
http://www.moneyandmarkets.com/why-2014-will-be-even-worse-than-2013-for-bond-investors-56721
Tip Freedomwat.ch Staff with Bitcoin