Treasury Bond Shorts Crushed As Yields Plunge

Remember what we said earlier? To wit, from "A Fed Hike Will Send Treasury Yields Higher Right? Not So Fast" posted just hours ago: And my, oh my — if that happens and all of the shorts in the belly of the curve have to cover, it would be quite the spectacle.  Well, "we told you so"... TREASURIES SURGE AS FED MAINTAINS HIKE FORECASTS FOR 2017, 2018 Treasuries advanced to session highs after FOMC median dot projections were left unchanged for 2017 and 2018 while median target for 2019 ros