Economic data have been reasonably good, so the bonds continue to sell off. Strong economic growth means the central bank is likely to tighten further. You see significant back-up in yields across the board.

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There's still more room to run.

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Bonds are a little bit expensive right now. Consumers are spending a little bit aggressively, which may make the central bank nervous about rising prices. It may push the bank to tighten further.

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